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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

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Related: Web Security Company Detectify Raises $10 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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