Oort Raises $15 Million in Funding

by Kay Aloha Villamor in , October 10th, 2022

Oort, a Boston, MA-based identity-centric enterprise security platform, announced that it completed $15 million in a funding round of Seed and Series A investments. 

The round was co-led by .406 Ventures, Energy Impact Partners (EIP), and Cisco Investments and joined by existing investors, including 645 Ventures, Bain Capital Ventures, and First Star Ventures.

Oort will use the funds to grow and further accelerate its go-to-market (GTM) strategy and leadership in identity threat detection and response.

“Every high-profile security breach of 2022 comes down to one thing, and that’s identity. F m the Okta breach in January perpetrated by the Lapsus$ group to the recent string of attacks on Twilio and Uber, traditional security controls have failed,” said Matt Caulfield, founder, and CEO, of Oort. “The modern workforce is changing, and we need to change with it. Oort is on a mission to help our customers adopt an identity-first approach to enterprise security, starting with Identity Threat Detection and Response (ITDR).”

To secure its platform, Oort has gone through rigorous testing to meet industry standards and receive critical certifications, including SOC 2 Type 2. Oort is built on Snowflake’s security data lake architecture, which helps them store and query massive volumes of data, and AWS Lambda, which allows Oort to automatically scale their data streaming architecture to accommodate enterprise organizations of any size.

Company: Oort, Inc.

Raised: $15.0M

Round: Seed and Series A 

Funding Month: October 2022

Lead Investors: .406 Ventures, Energy Impact Partners (EIP), and Cisco Investments

Additional Investors: 645 Ventures, Bain Capital Ventures, and First Star Ventures

Company Website: https://oort.io/

Software Category: Enterprise Identity Threat Detection & Response

About the Company: Oort is an identity threat detection and response platform for enterprise security. As a turnkey solution for Identity Threat Detection and Response (ITDR), Oort is providing immediate value to security teams by working with existing sources of identity to enable comprehensive identity attack surface management in minutes. Oort’s team combines years of domain expertise across identity, networking, and security, working at industry leaders such as Cisco and RSA. Oort works with your existing identity sources, log stores, and productivity tools to enable comprehensive identity threat detection and response in minutes. Oort’s API-driven, ccloud-native, and agentless solution, which works with existing identity systems such as Okta and Microsoft Azure AD to enable comprehensive ITDR in minutes, is positioned to lead the category.

Source: https://oort.io/blog/oort-announces-15m-in-seed-and-series-a-funding-round

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