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Enterprise Security Startup Oort Raises $15M In Series A Funding To Stop Identity-Based Cyber Attacks

PRIVATEOct 06, 2022

Amount Raised

$15 Million

Round Type

Series A

BostonSecurityCyber SecurityNetwork Security

Description

Oort, an identity-centric enterprise security platform, today announced the completion of a $15 million funding round, including both Seed and Series A investments. Oort will use the funds to grow and further accelerate its go-to-market (GTM) strategy. The funding round was co-led by .406 Ventures, a Boston-based early-stage venture capital firm specializing in cybersecurity, as well as Energy Impact Partners (EIP), a New York-based global investment platform, and included Cisco Investments. They join existing investors including 645 Ventures, Bain Capital Ventures and First Star Ventures.

Quick answer

Oort raised $15 Million in a Series A round, dated October 6, 2022. Oort is based in Boston, Massachusetts, United States.

How much did Oort raise?
Oort raised $15 Million in a Series A round on October 6, 2022.
What does Oort do?
Oort is an identity-centric enterprise security platform.
Where is Oort based and how big is it?
Oort is based in Boston, Massachusetts, United States.

Source: Fundz verified event record.

Who else raised in Security and Cyber Security around the same time

Companies in the same sectors as Oort that raised within 45 days of this round, from Fundz verified event records.

  • Wib raised $16M on November 8, 2022.
  • Versa Networks raised $120M (Funding Round) on October 27, 2022.
  • Corsa Security raised an undisclosed amount (Funding Round) on October 25, 2022.
  • Corsa Security raised $10M (Funding Round) on October 20, 2022.
  • Versa Networks raised $75M on October 14, 2022.
  • NetSPI raised $410M (Funding Round) on October 5, 2022.

Who to call at Oort, and when

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Company Information

Company

Oort

Location

Boston, Massachusetts, United States

About

Oort is an identity-centric enterprise security platform. 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. Led by a team with decades of domain expertise across identity, networking, and security, Oort is backed by venture capital investors including Energy Impact Partners, .406 Ventures, Bain Capital Ventures, Cisco Investments and others. Market-leading technology companies, like Collibra and Avid Technology, rely on Oort to provide full visibility into their identity populations. To learn more, please visit oort.io.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Oort raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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