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IoT Security Firm Ordr Increases Funding to $50 Million

06
Mar
2020
IoT Security Firm Ordr Increases Funding to $50 Million

image credit: freepik

Santa Clara, Calif-based Ordr has announced additional funding to the Series B funding round announced in December 2019. The amount of the latest funding is not disclosed, but the company confirms that the total raised is now $50 million.

With a Series A round of $16.5 million in March 2019, and a Series B round of $27.5 million in December 2019, the implication is that this Series B top-up is for a further $6 million, raised from Mayo Clinic and Kaiser Permanente Ventures.

Ordr was founded in 2015 by Pandian Gnanaprakasam (CPO) and Sheausong Yang (chief scientist) to provide security for the rapidly expanding IoT ecosphere. Its System Control Software Engine uses machine learning to find and classify every IoT and unmanaged device in the environment, to map all communications, to detect and prioritize vulnerabilities, and then to secure each device through policy generation and segmentation. Organizations use Ordr to find their devices, track their usage, and achieve proactive protection and compliance.

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