IoT cybersecurity startup Ordr raises $27.5M
Cybersecurity platform startup Ordr Inc. said today it has raised $27.5 million in new funding to expand its reach worldwide, including growing its enterprise sales teams and recruiting more partners.
The Series B round was led by Battery Ventures and included Wing Venture Capital, 1011 Ventures and Unusual Ventures. As part of the deal, Battery Ventures General Partner Dharmesh Thakker is joining Ordr’s board.
Founded in 2015, Ordr focuses on cybersecurity for “internet of things” devices. The company offers what it describes as a “unique touchless approach to proactive security within the enterprise” through its Systems Control Engine. The company said the platform fully maps every device across a given enterprise using machine learning to continuously inspect each device while measuring behavior to detect security issues.
Using machine learning, the company’s SCE can build a baseline understating of connected devices to flag suspicious devices in real time, operating on top of existing network and security infrastructure.
“It’s becoming increasingly critical that enterprises properly protect network-connected devices and the network itself from potentially nefarious activity,” Greg Murphy, chief executive officer of Ordr, said in a statement. “For far too long, these organizations have been in a reactive mode, using tools that provide only basic visibility, responding to device vulnerabilities as they are discovered. In our view, enterprises must be proactive, ensuring that their most mission-critical assets and business functions are always protected.”
In an interview with VentureBeat, co-founders Gnanaprakasam Pandian and Sheausong Yang said Ordr is poised for growth in key industries such as health care, manufacturing, distribution and retail where mission-critical legacy networks conducive to automated, set-it-and-forget-it solutions such as SCE.
Ordr’s customers including ProHealth Care, Beebe Healthcare, Mercy Care, Next Wave Health Advisors and Huntzinger Management Group Inc.
Including the new funding, Ordr has raised $44 million to date.
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