Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Oort Raises $15 Million for Identity Threat Detection and Response Platform

Identity threat detection and response (ITDR) startup Oort announced that it has raised $15 million in Seed and Series A funding, which brings the total investment in the company to $18.1 million.

The funding round – which included $3.5 million Seed and $11.5 million Series A investments – was co-led by .406 Ventures and Energy Impact Partners (EIP).

Identity threat detection and response (ITDR) startup Oort announced that it has raised $15 million in Seed and Series A funding, which brings the total investment in the company to $18.1 million.

The funding round – which included $3.5 million Seed and $11.5 million Series A investments – was co-led by .406 Ventures and Energy Impact Partners (EIP).

Founded in 2019, the Boston-based firm provides enterprises with an identity-centric platform that offers visibility and control over the identity attack surface, helping them secure both employees and contractors against social engineering and insider threats.

Oort’s solution uses identity sources, logs, and productivity tools to deliver behavioral anomaly detection, alerts, and access to any identity’s authentication history, and can also identify weak configurations and discrepancies.

“Compromised credentials and poorly-configured access controls are among the biggest security risks to today’s enterprise. Oort’s platform puts identity first to help IT and security teams immediately contain identity sprawl and secure vulnerable user accounts,” .406 Ventures partner Greg Dracon said.

Related: Cyberinsurance Startup Elpha Secure Raises $20 Million

Related: Quantum-Safe Communications Startup Qunnect Raises $8 Million

Related: RealDefense Raises $30 Million to Acquire More Privacy, Cybersecurity Firms

Related: Web Security Company Detectify Raises $10 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Identity & Access

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the...

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.

Funding/M&A

Tenable has launched a $25 million venture fund to place bets on early-stage startups in the exposure management space.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Management & Strategy

Microsoft making a multiyear, multibillion dollar investment in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools.

Identity & Access

Strata Identity has raised $26 million in a Series B funding round led by Telstra Ventures, with additional investment from Forgepoint Capital, Innovating Capital,...