Oort, an identity-centric enterprise security platform, has raised a total of $15m through its seed and Series A rounds.
This capital will enable Oort to accelerate its go-to-market strategy.
Boston-based early-stage venture capital firm .406 Ventures co-led the investment with Energy Impact Partners, a strategic investment firm. Cisco Investments also joined the round, along with existing backers 645 Ventures, Bain Capital Ventures and First Star Ventures.
Oort supplies security teams with full visibility and control over their identity attack surface. Its platform is deployable within minutes and gives CISOs insights needed to understand and secure their population of employees and contractors against social engineering and insider threats.
EIP partner Shawn Cherian said, “With the increasing cyber risks to enterprises today, we know that an identity-first solution is critical to every security strategy.
“Oort’s existing experience in this space, coupled with their first-hand understanding of what CISOs need to secure critical infrastructure, position them well to lead the Identity Threat Detection and Response market. We’re excited to be Oort’s partner as they define this new category of security technology.”
Earlier in the year, Gartner used the term ‘Identity Threat Detection and Response (ITDR)’ to describe solutions that defend against attacks actively targeting IAM infrastructure and credential misuse. Oort’s API-driven, cloud-native solution ensures ITDR within minutes.
.406 Ventures is no stranger to CyberTech. It recently joined the $30m Series B of API protection platform ThreatX. The company enables teams to discover and visualise their attack surface, block attacks in real-time and gain access to 24/7 managed services to support resource-constrained security teams.
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Copyright © 2018 RegTech Analyst
