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Openpath, Founded By Founders Of Edgecast, Gets $7M

Culver City-based Openpath, a new startup founded by Alex Kazerani and James Segil, the founders of Edgecast, has raised $7M in a seed funding round, the company disclosed today. The funding came from Upfront Ventures, Sorenson Ventures, Bonfire Ventures, Pritzker Group Venture Capital and Fika Ventures. Openpath is developing cloud-based physical access control systems for businesses. Kazerani and Segil sold Edgecast back in 2013, in a deal worth around $390M. More information »