Osano Raises $11M to Revolutionize Risk and Compliance

Osano Secures $11 Million in Funding

Osano, a company specializing in risk and compliance solutions, has announced the successful completion of a new funding round totaling $11 million.

Investment Details

Jump Capital spearheaded the investment, with continued support from existing investors LiveOak Venture Partners and Next Coast Ventures.

Funding History

This Series A-1 round follows a previous $5 million Series A raise in 2019. Osano initially gained recognition after its debut at TechCrunch Startup Battlefield shortly before this earlier funding.

About Osano

Based in Austin, Texas, Osano provides a software-as-a-service platform. This platform assists organizations in overseeing and maintaining compliance with global privacy regulations.

Privacy Compliance Focus

The company’s services center around managing risk and ensuring adherence to laws such as Europe’s GDPR and California’s CCPA. These regulations empower users with greater control over their personal data.

Proactive Compliance Monitoring

Osano actively monitors evolving privacy rules and legislation. This ensures clients remain compliant and avoid potential penalties associated with data breaches.

New AI-Powered Data Discovery

A new, AI-powered data discovery tool is being launched by Osano. This tool is designed to automatically identify and categorize various types of both personal and non-personal data.

Integration Capabilities

Osano offers seamless integrations with a wide range of popular applications and services. These include AWS, Dropbox, Google, and Oracle.

Future Growth Plans

The newly acquired $11 million in funding will be allocated towards expanding the company’s team. Specifically, the focus will be on bolstering the sales force to address increasing customer demand.

The company intends to double its current headcount to facilitate this growth.