19 December 2019:
Data transparency startup Osano has raised $5.4 million in Series A round of funding. The funding round was is co-led by LiveOak Venture Partners and Next Coast Ventures.
The startup will use the fresh capital to invest in R&D, marketing and new hires to meet the growing demand for its data privacy platform and tools.
Arlo Gilbert, Co-Founder and CEO, Osano, said, “We are proud to continue into the next round with our original investors. Heading into 2020, we are moving quickly to add talent to our growing team and to deepen Osano’s position as a leading data privacy platform. There is a definitive need to bring transparency to the process of how companies deal with privacy, and we are very excited about taking on this challenge to empower both individuals and organizations.”
Mike Smerklo, Co-Founder and Managing Director at Next Coast VenturesOsano’s unique combination of flyaway product-market fit, human-centered design, social mission and innovative technology fits across a number of our investment mantras. Osano has an uncanny ability to identify trends before the rest of the world and attract the best talent to work on a solution.”
Venu Shamapant, Founding Partner at LiveOak Venture Partners, said, “From fake social media accounts to endless data theft, the Internet has become full of privacy and compliance hazards. As laws like CCPA become commonplace, companies are scrambling to keep up with their vast networks of vendors. Osano is the right solution at the right time, and we’re proud to help companies meet their obligations without fear or pain.”
Osano is a turnkey data privacy platform that automates the process of data governance by automatically monitoring every single vendor sharing your business data across all websites.
(Image – Osano)