![]() ![]() The Oort platform, built on Snowflake’s security data lake architecture, ingests streaming event and identity data from different sources (including external sources like Webroot’s Brightcloud) to create statistical models that are then used to detect threats like social engineering. Companies such as Socure, Transmit Security and Trulioo have raised hundreds of millions of dollars between them within the last few years, while others, like Auth0, have been snapped up by incumbents like Okta. VC firms poured $2.3 billion into identity vendors in 2021, up from $1.3 billion in 2020, according to Crunchbase data. There’s no question the market for identity security startups - startups that offer products to ID and authenticate people - is red-hot. Investing in identity security is a must-have for enterprise security teams.” “Identity is the only thing standing between attackers on the wide open internet and the assets and data of the enterprise. Gone are the days of pervasive endpoint and network security,” Caulfield told TechCrunch in an email interview. “From a technical perspective, identity is everything. ![]() ![]() social engineering, phishing and malware - at “enterprise scale.” Joined by Didi Dotan, the former chief architect of identity at EMC and director of identity services at Cisco, Caulfield set out to launch a service that could detect and respond to identity threats - e.g. WEBROOT SECURE ANYWHERE MY ACCOUNT SERIESThe proceeds, which bring Oort’s total capital raised to $15 million, will be put toward supporting its go-to-market strategy, CEO Matt Caulfield tells TechCrunch.Ĭaulfield co-founded Oort after stints at Citi, Lockheed Martin and Cisco (hence Cisco’s involvement in the Series A), where he led their Boston-based product innovation team. 406 Ventures and Energy Impact Partners with participation from Cisco Investments. Oort, an identity threat detection and response platform, today announced that it raised $11.5 million in a Series A round co-led by. ![]()
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