Open Raven bags $19.1m Series A, just months after coming out of stealth

Cloud native data security platform Open Raven has closed its Series A round on $15m, putting its total equity raised to $19.1m.

Kleiner Perkins led the round, with previous backers including Upfront Ventures also contributing the round.

Having closed the round, the company will look to expand its engineering, customer support, sales and marketing efforts.

Research from Gartner claims that by 2022, 75% of all databases will be deployed or migrated to a cloud platform and only 5% will ever considered for repatriation to on-premises.

This rise in hybrid and multi-cloud deployments will extend the surface of attack for companies.

Open Raven aims to stop this through real-time monitoring that can mapp all cloud data stores, identify data within, pinpoint significant exposures and fix them before they become security incidents.

In conjunction with the deal, Kleiner Perkins partner Bucky Moore will join the Open Raven board of directors.

Open Raven co-founder and CEO Dave Cole said, “The transition to the cloud and out of physical data centres means that data stores change more quickly than ever before – leaving numerous unanswered questions.

“Security and cloud infrastructure teams are wondering, ‘what AWS accounts don’t we know about?’ ‘Is there any data at risk right now?’ ‘Is our PII where we expect it to be?’ Answering these fundamental questions can be painstaking. We’re giving organizations the ability to take charge of their data and explore their environments from any angle in order to truly understand their risk of cloud data breaches.”

The cybersecurity company emerged from stealth in February 2020 and has deployed its solution to players in the automotive, financial technology, gaming and software industries.

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