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Endpoint Security Platform Kolide Banks $17 Million Investment

Endpoint security platform Kolide on Thursday announced that it has raised $17 million in Series B funding, for a total of $27 million raised to date.

Endpoint security platform Kolide on Thursday announced that it has raised $17 million in Series B funding, for a total of $27 million raised to date.

The funding round was led by Boston-based venture capital OpenView Partners. Matrix Partners, who led Kolide’s Series A, also invested in the new round.

Kolide sells a Security-as-a-Service (SaaS) platform that engages with employees to address issues identified on Linux, Mac, and Windows devices, rather than only alerting security teams of the identified gaps.

The security firm uses Slack messages to tell employees when their device no longer meet security standards set by their organization, and also instructs them on how to address the identify the issues and verify whether they did that correctly.

With many organizations migrating to remote-work over the past year, Kolide said it has seen major growth, as it could both help security teams gain visibility into devices, and provide remote employees with transparency into how they were being surveilled.

The company plans to invest the new funds in growth and in expanding its go-to market strategy, as well as into hiring new talent to add more capabilities to its product.

Related: Neosec Emerges From Stealth With $20.7 Million in Funding

Related: JumpCloud Raises $159 Million at $2.56 Billion Valuation

Related: Threat Detection Provider ReversingLabs Raises $56 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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