Osano, an Austin, Texas-based company building a platform for data privacy transparency, closed a Series A funding round of $5.4M.
The round was co-led by LiveOak Venture Partners and Next Coast Ventures.
The company, which has raised a total of $8.4M to date, intends to use the funds to further invest in R&D, marketing and new hires.
Led by Co-Founder and CEO Arlo Gilbert, Osano provides a data privacy platform that automates the process of data governance by automatically monitoring every single vendor sharing business data across all websites. Compliance is built into its workflow to meet the complex requirements of government regulations, such as GDPR (now imposing heavy fines on organizations) and CCPA (legislation will go into effect on January 1, 2020).
Over 750,000 companies use the solution on 3.5 million websites, serving 2.5 billion cookie consent pop-ups per month.