How Much Did Ordr Raise? Funding & Key Investors

Ordr has successfully raised multiple funding rounds, with the latest being a Series C involving prominent investors like Battery Ventures and Ten Eleven Ventures. The company specializes in providing visibility and security for connected devices, including traditional IT, IoT, IoMT, and OT devices.

Keep reading to explore the intricacies of Ordr's fundraising journey and the investors backing this innovative platform.

What Is Ordr?

Ordr, based in Santa Clara, California, is a cybersecurity company specializing in providing visibility and security for connected devices, including traditional IT, IoT, IoMT, and OT devices. The company operates in several high-tech industries such as Artificial Intelligence, Cloud Computing, Cyber Security, Machine Learning, Network Security, and Software.

Founded with the mission to secure every connected device, Ordr has grown to employ between 101-250 people. The company's proactive security platform integrates verified asset intelligence, AI-informed orchestration, human decision-making, and policy enforcement to address risks in real-time, catering to industries like healthcare, manufacturing, and enterprise environments.

How Much Funding Has Ordr Raised?

1. Series A
   • Amount Raised: USD 4,000,000
   • Date: June 2017
   • Lead Investors: Wing Venture Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop and enhance their cybersecurity solutions for connected devices.
2. Series A
   • Amount Raised: USD 16,500,000
   • Date: February 2019
   • Lead Investors: Ten Eleven Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand their market reach and improve their cybersecurity platform.
3. Series B
   • Amount Raised: USD 27,500,000
   • Date: December 2019
   • Lead Investors: Battery Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance product offerings.
4. Series B
   • Amount Raised: USD 6,000,000
   • Date: March 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing growth and product development.
5. Series C
   • Amount Raised: USD 40,000,000
   • Date: June 2022
   • Lead Investors: Battery Ventures, Ten Eleven Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance IoT monitoring solutions and accelerate sales and marketing efforts.

Total Amount Raised: USD 94,000,000. Current Valuation: Not publicly disclosed.

Key Investors

• Battery Ventures
  • Details: Battery Ventures is a global, technology-focused investment firm that backs companies at various stages of growth. They have been involved in multiple funding rounds for Ordr, including co-leading the Series C round.
  • Investment Focus Areas: Technology, software, web infrastructure.
  • Notable Investments: Nutanix, Coupa Software, Databricks.
• Ten Eleven Ventures
  • Details: Ten Eleven Ventures is a venture capital firm that invests exclusively in digital security. They co-led the Series C funding round for Ordr.
  • Investment Focus Areas: Digital security, cybersecurity.
  • Notable Investments: Darktrace, Cylance, Verodin.
• Wing Venture Capital
  • Details: Wing Venture Capital focuses on early-stage enterprise technology companies. They have been a continuing investor in Ordr.
  • Investment Focus Areas: Enterprise technology, AI, data, cloud infrastructure.
  • Notable Investments: Snowflake, Cohesity, Gong.io.
• Northgate Capital
  • Details: Northgate Capital is a private equity and venture capital firm that invests in growth-stage companies. They participated as a new investor in Ordr's Series C funding round.
  • Investment Focus Areas: Growth-stage companies across various sectors.
  • Notable Investments: Uber, Spotify, Airbnb.
• Kaiser Permanente Ventures
  • Details: Kaiser Permanente Ventures is the venture capital arm of Kaiser Permanente, focusing on healthcare innovations. They have been a continuing investor in Ordr.
  • Investment Focus Areas: Healthcare technology, healthcare services.
  • Notable Investments: Omada Health, Ginger, Health Catalyst.

What's Next for Ordr?

Ordr stands at the cusp of significant growth, driven by the increasing number of IoT devices and the rising demand for robust security solutions. The company is well-positioned to capitalize on the expanding IoT market, projected to grow substantially in the coming years. With deployments in major healthcare systems and manufacturing sites, Ordr's potential for market penetration is immense.

Future fundraising opportunities appear promising as the demand for connected device security continues to rise. Ordr's impressive year-over-year growth and strategic partnerships make it an attractive candidate for further investment rounds. However, the company must navigate challenges such as staying ahead of evolving cybersecurity threats and competing with established players in the market.

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