New York based Oso raises USD 8.2 Million

New York, US based start-up Oso has secured USD 8.2 Million funds in a Series A funding round led by Sequoia. The company has raised a total of USD 10.9 Million in funding over 2 rounds.

Investors: The capitalisation of USD 8.2 Million took place in Series A funding round led by Sequoia along with some other investors like SV Angel, Company Venture, Highland Capital and numerous angel investors.

What the funding is for: The fresh funding would be utilized to build their company diverse, inclusive and equitable. They are planning to expand their reach globally with a plan to have a home base in New York.

Founders of the company: Gharam Neray

Founded date: January 1, 2000

About the company: Oso is a privately held organisation which provides security services. The company  operates under information technology, privacy and security. Its services also offer customized software development and internal applications for companies, businesses and applications. Their headquarters is established in the Greater New York Area, East Coast, Northeastern US. They have a work strength of 1- 10 employees.

What the CEO has to say:

“Developers have benefited from tools like stripe and Twilio to normalize the use of third party APIs to offload parts of the application that aren’t core to the value prop. Oso does the same thing, except for Authorization.”

“We help developers to speed up their authorization roadmaps by up to 4x , and the way that we do that is by providing this library, which comes with pre- build integration, guides and an underlying policy language.”

“The authorization is a misunderstood concept, and as though to confirm this, when I tried to explain Oso to a colleague, his first thought was that it is an Okta competitor. It’s not. Authorization and authentication are related, but are in fact different and require a different set of tools.”

“I make a concerted effort to ensure that our pipeline is as diverse as I want the team to be — full stop — and that’s the only way to do it.”

“While building a diverse workforce is the morally right thing to do. There is also a practical business side to this too.”

“We don’t want to build an echo chamber with people from the same background, the same background, the same thought process and all the same upbringing.”– Gharam Neray, Founder of the company.

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