About Open Raven
Open Raven is a company based in Los Angeles (United States) founded in 2019 by Dave Cole was acquired by Formstack in June 2024.. Open Raven has raised $39.1 million across 3 funding rounds from investors including Signal Sciences, Kleiner Perkins and Formstack. Open Raven offers products and services including Data Security Platform, Data Security Posture Management, Data Loss Prevention, and Data Detection and Response. Open Raven operates in a competitive market with competitors including Rubrik, Tenable, Varonis, BigID and Druva, among others.
- Headquarter Los Angeles, United States
- Founders Dave Cole
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Open Raven, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.1 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series B
Sep 08, 2022
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Investors
Signal Sciences
& 8 more
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Employee Count
Employee Count
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Acquired by
Formstack
(Jun 11, 2024)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Software Development Team
5 people
Leadership Team
2 people
Customer Team
1 people
Board Team
1 people
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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 Total Funding
- Total Rounds 3
- Last Round Series B — $20.0M
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First Round
First Round
(11 Feb 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series B - Open Raven | Valuation | Pelion Venture Partners | |
| Jun, 2020 | Amount | Series A - Open Raven | Valuation | Kleiner Perkins | |
| Feb, 2020 | Amount | Seed - Open Raven | Valuation | Kara Nortman |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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US focused early-stage VC firm
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Founded Year | Domain | Location | |
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Venture capital funding is provided to early-stage companies.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Open Raven
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Open Raven
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Open Raven Comparisons
Competitors of Open Raven
Open Raven operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rubrik, Tenable, Varonis, BigID and Druva, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Converged data management solutions are provided for backup and recovery.
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| domain | founded_year | HQ Location |
Predictive vulnerability assessments are delivered via cloud-based monitoring.
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| domain | founded_year | HQ Location |
Cloud-based platform for data privacy and document sharing is offered.
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| domain | founded_year | HQ Location |
Cloud-based platform for data privacy management software is provided.
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| domain | founded_year | HQ Location |
Enterprise data is protected across cloud, SaaS, and devices.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Open Raven
Frequently Asked Questions about Open Raven
When was Open Raven founded?
Open Raven was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Open Raven located?
Open Raven is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Open Raven?
Dave Cole is the current CEO of Open Raven. They have also founded this company.
Is Open Raven a funded 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 11, 2020.
What does Open Raven do?
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.
Who are the top competitors of Open Raven?
What products or services does Open Raven offer?
Open Raven offers Data Security Platform, Data Security Posture Management, Data Loss Prevention, and Data Detection and Response.
Who are Open Raven's investors?
Open Raven has 9 investors. Key investors include Signal Sciences, Kleiner Perkins, Formstack, Pelion Venture Partners, and Upfront Ventures.
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