About Open Raven
Open Raven is a Technology company based in Los Angeles (United States) founded in 2019 by Dave Cole, and was acquired by Formstack in June 2024. Data security software is provided to prevent cybercrime. Open Raven has raised $39.1 million across 3 funding rounds from investors including Signal Sciences, Kleiner Perkins and Formstack. Its chief executive, as recorded, is Dave Cole. Open Raven offers products and services including Data Security Platform, Data Security Posture Management, Data Loss Prevention, and Data Detection and Response. Its focus areas include Enterprise Infrastructure, Cybersecurity, Data Security and Cloud Data Security. Its legal entity is Open Raven, Inc. Its competitors include Rubrik, Tenable and BigID; 3 of its 3 listed competitors have raised funding.
Company details
Open Raven was founded in 2019 in Los Angeles, United States, within the data security sector. Software is developed to locate stored data, protect it from threats, and notify security teams of potential exposures. Pre-built connectors and an open-source framework are included for extensibility, allowing integration into various business environments to mitigate breach risks.
- Headquarters Los Angeles, United States
- Founders Dave Cole
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website openraven.com
- Social LinkedIn X Facebook
- Acquired by Formstack (Jun 2024)
- Legal Name Open Raven, Inc.
- Total Equity Funding$39.1M (USD)
in 3 rounds
- Latest Funding Round$20M (USD), Series B
Sep 2022
- InvestorsSignal Sciences
& 8 more
- Acquired byFormstack
(Jun 2024)
Products & Services of Open Raven
Open Raven offers a comprehensive portfolio of products and services, including Data Security Platform, Data Security Posture Management, Data Loss Prevention, and Data Detection and Response.
Platform for discovering and classifying data in clouds.
Manages data discovery and posture for IaaS and PaaS environments.
Controls data visibility and sharing in SaaS applications.
Monitors events to detect and respond to data attacks.
Funding Insights of Open Raven
Open Raven has successfully raised a total of $39.1M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $39.1M
- Total Rounds 3
- Last Round Series B — $20M
- First Round $4.1M
(Feb 2020)
- Investors Count 8
All 3 funding rounds of Open Raven with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $20M | Series B | – | Pelion Venture Partners | |
| Jun 2020 | $15M | Series A | – | Kleiner Perkins | |
| Feb 2020 | $4.1M | Seed | – | Kara Nortman |
9 investors in total: 5 institutional and 4 angel.
Investors in Open Raven
Open Raven has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Signal Sciences, Kleiner Perkins and Formstack.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US focused early-stage VC firm | pelionvp.com | Salt Lake City, United States | ||
Venture capital funding is provided to early-stage companies. | upfront.com | Los Angeles, United States | ||
Venture capital firm investing in early-stage tech startups | 1972 | kleinerperkins.com | Menlo Park, United States | |
Cloud-based WAF and RASP platform is offered for website security. | 2014 | signalsciences.com | Culver City, United States | |
KP Kleiner Perkins | unknown_ac7ffb08d2ed41eaa | |||
KN Kara Nortman | Venture capitalist at Upfront Ventures, active angel investor in tech startups. | unknown_99e068e26dd84c31b | ||
PV Phil Venables | unknown_1d2a757007e6405fb | |||
NR Niloo Razi Howe | unknown_b34bec832e734d56a | |||
Cloud-based workflow automation is provided for enterprise productivity. | 2006 | formstack.com | Indianapolis, United States |
Investor details for Open Raven
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Open Raven
10 people are tracked at Open Raven (2 in leadership, 3 in board & advisors, 5 in team).
| Name | Role | Group |
|---|---|---|
Dave Cole | Co-Founder & CEO | Leadership |
Oliver Ferrigni | Director of Engineering | Leadership |
Bucky Moore | Director | Board & advisors |
Jeff Kearl | Director | Board & advisors |
Andrew Peterson | Board Member | Board & advisors |
Mark Gable | Senior Software Engineer | Team |
Pat Wakeem | Senior Software Engineer | Team |
Tylor Setzer-Wylie | Customer Success Engineer | Team |
Maksym Biloshytskyi | Senior Software Engineer | Team |
Tyler Szeto | Software Engineer | Team |
Complete people profiles for Open Raven
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Timeline of Open Raven
4 dated milestones of Open Raven across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Open Raven is founded.
- Funding First funding round of $4.1M.
- Funding Latest funding round, Series B, of $20.0M.
- Exit Acquired by Formstack.
Competitors of Open Raven
Open Raven has 3 listed competitors in our database, 3 of them funded. They include Rubrik, Tenable and BigID.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| rubrik.com | 2014 | Palo Alto, United States | $553M | 1,715 | Converged data management solutions are provided for backup and recovery. | |
| tenable.com | 2002 | Columbia, United States | $309.99M | 953 | Predictive vulnerability assessments are delivered via cloud-based monitoring. | |
| bigid.com | 2016 | New York, United States | $307.6M | 110 | Cloud-based platform for data privacy management software is provided. |
Detailed competitors of Open Raven
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Cybersecurity & Data Protection
3 companies that operate in the same segment as Open Raven (Cybersecurity & Data Protection) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 7,330 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Cloud-based identity management solutions are provided for enterprises. | 2002 | Denver, Colorado, United States | USD 136.89 M | USD 36.94 M | 821 |
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Related news about Open Raven
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Frequently Asked Questions about Open Raven
Open Raven was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Open Raven is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Dave Cole is the CEO of Open Raven, as recorded in our data. They have also founded this company.
Open Raven is a funded company, having raised a total of $39.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4.1M, raised on Feb 2020.
Open Raven was founded in 2019 in Los Angeles, United States, within the data security sector. Software is developed to locate stored data, protect it from threats, and notify security teams of potential exposures. Pre-built connectors and an open-source framework are included for extensibility, allowing integration into various business environments to mitigate breach risks.
Open Raven offers Data Security Platform, Data Security Posture Management, Data Loss Prevention, and Data Detection and Response.
Open Raven has 9 investors. Key investors include Signal Sciences, Kleiner Perkins, Formstack, Pelion Venture Partners, and Upfront Ventures.
Open Raven operates through Open Raven, Inc..
Yes. Open Raven was acquired by Formstack in June 2024.