A Chicago startup building a security platform raised a sizable seed round from local and coastal investors.
Oak9, founded in 2019, announced Wednesday that it raised $5.9 million in a seed round led by Menlo Ventures, with participation from Hyde Park Angels and Uncorrelated Ventures.
As part of the investment, Menlo Partners Venky Ganesan and Tim Tully, who was formerly the CTO at Splunk, are joining oak9’s board of directors.
The new funding will be used to invest in R&D and expand its “infrastructure-as-code” security platform.
Oak9, founded by Raj Datta, Om Vyas and Aakash Shah, has built a security platform that integrates with cloud-native apps to continuously monitor security breaches, which is intended to reduce the frequency of breaches. Oak9 offers security based on a holistic and comprehensive view of coding architecture and components.
“Every day, businesses face a tradeoff: They can either wait for security or keep moving and accept the risk,” Datta said in a statement. “Oak9 was founded as a third option that supports both accelerated delivery and comprehensive security.”
