ORDR Secures $40 Million in Series C Funding

ORDR has raised an additional $40 million in Series C funding to meet the growing need for organizations to understand, manage, and secure the expanding number of connected devices in their environments, including Internet of Medical Things (IoMT), Internet of Things (IoT), and Operational Technology (OT). The funding round was co-led by Battery Ventures and Ten Eleven Ventures, with participation from new investor Northgate Capital and continuing investors Wing Venture Capital, Unusual Ventures, Kaiser Permanente Ventures, and Mayo Clinic. With this funding, ORDR has raised more than $90 million to date.

The Series C also includes investments from prominent Silicon Valley entrepreneurs including René Bonvanie, former CMO of Palo Alto Networks; Dan Warmenhoven, former Chairman and CEO of NetApp; and Dominic Orr, former Chairman and CEO of Aruba Networks.

ORDR addresses two critical enterprise initiatives associated with growing reliance on connected devices: digital transformation and Zero Trust security. Each new device connection increases an organization's attack surface and potential for breaches or ransomware attacks. In industries such as healthcare and manufacturing, a cyberattack impacting an IoT device can disrupt entire operations or create life-threatening situations.

ORDR provides complete and accurate asset visibility, automates and enforces Zero Trust policies, and accelerates incident response by delivering insights into devices and associated risks. The company has experienced more than 140% year-over-year growth in new customer revenue.