11 December 2019:
Ordr has raised $27.5 million in Series B round of funding. The funding round was led by Battery Ventures.
Existing investors Wing Venture Capital, 1011 Ventures, and Unusual Ventures also participated in the funding round.
As part of funding, Battery Ventures General Partner Dharmesh Thakker will join the Ordr board of directors.
The company will use the fresh capital to aggressively expand its go-to-market activities worldwide, including growing its enterprise sales teams and recruiting top-tier partners. The company will also raise market awareness of its unique touchless approach to proactive protection within the enterprise, and to accelerate the ongoing development of the Ordr Systems Control Engine (SCE).
Greg Murphy, CEO of Ordr, said, “It’s becoming increasingly critical that enterprise organizations properly protect network-connected devices, and the network itself, from potentially nefarious activity.”
Greg Murphy, added, “For far too long, these organizations have been in a reactive mode, using tools that provide only basic visibility, responding to device vulnerabilities as they are discovered. In our view, enterprises must be proactive, ensuring that their most mission-critical assets and business functions are always protected.”
Battery’s Dharmesh Thakker, said, “The number of devices connecting to enterprise networks will increase exponentially in the coming years, posing a clear risk to critical assets. We believe Ordr is uniquely positioned to protect these assets proactively, compared with other solutions that are more reactive and only identify problems after they happen.”
Dharmesh Thakker, added, “Ordr’s approach has been validated by its rapid adoption by leading enterprise organizations worldwide. We are excited to partner with the top-notch Ordr management team and assist with the company’s further growth and innovation.”
(Image – Ordr)