Ordr Raises $40 Million to Secure Connected Devices

1 year ago 70

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Connected device security firm Ordr today announced that it has raised $40 million in a Series C funding round. To date, the company has raised more than $90 million.

The new investment round was co-led by Battery Ventures and Ten Eleven Ventures, with participation from Northgate Capital, Kaiser Permanente Ventures, Mayo Clinic, Unusual Ventures, Wing Venture Capital, and several angel investors.

Founded in 2015, the Santa Clara, California-based company provides organizations with complete asset visibility and automated Zero Trust policies enforcement, thus helping them accelerate incident response.

Ordr’s platform supports every connected device, including IoT, IoMT, and OT, helping organizations secure their ever-expanding attack surface and mitigate risks associated with ransomware, data breaches, and other types of cyberattacks.

“Ordr has built a platform that not only solves an important market issue - the need to definitively understand and protect what is connecting to your organization's network - but is truly scalable to keep pace with the speed of today’s businesses,” Dharmesh Thakker, general partner at Battery Ventures, said.

The new infusion of cash will help Ordr accelerate sales and marketing efforts, expand its channel and partnership programs, and accelerate investments in customer success.