Total amount raised
$37.6 Million
Latest funding date
2022-01-26
Location
Root offers a platform that provides secure base images, runtimes, and libraries, which are automatically patched and fully attested, with no forced upgrades and minimal deployment time. The platform aims to eliminate the CVE grind for both developers and AppSec teams, allowing them to focus on innovation and reducing the exposure window.
Keep reading to explore the intricacies of Root's fundraising journey and the investors backing this innovative platform.
What Is Root?
Root is a company in the Application Security (AppSec) and Software Development industry. They are headquartered in Boston, MA, USA, with an additional office in Tel Aviv-Yafo, Israel.
Root's platform focuses on providing secure base images, runtimes, and libraries that are automatically patched and fully attested. Their innovative "Shift Out" methodology aims to reduce the manual workload associated with CVE management, allowing developers to concentrate on innovation.
Root emphasizes transparency, developer freedom, and seamless integration with existing infrastructures, ensuring no forced upgrades and quick deployment.
How Much Funding Has Root Raised?
- Seed Round
- Amount Raised: USD 6,600,000
- Date: January 2021
- Lead Investors: boldstart ventures, Decibel Partners, FXP Holdings
- Series A
- Amount Raised: USD 31,000,000
- Date: January 2022
- Lead Investors: Global Venture Capital, Insight Partners, StepStone Group
In total, Root has raised USD 37,600,000.
Key Investors
- Global Venture Capital
- Details: Global Venture Capital is a prominent investment firm known for backing high-growth technology companies. They have a strong presence in both early-stage and growth-stage investments.
- Investment Focus Areas: Technology, Healthcare, Fintech
- Notable Investments: Not publicly disclosed
- Insight Partners
- Details: Insight Partners is a leading global private equity and venture capital firm. They focus on growth-stage software and internet businesses.
- Investment Focus Areas: Software, Internet, Technology
- Notable Investments: Not publicly disclosed
- StepStone Group
- Details: StepStone Group is a global private markets investment firm. They provide customized investment solutions and advisory services.
- Investment Focus Areas: Private Equity, Real Estate, Infrastructure
- Notable Investments: Not publicly disclosed
- boldstart ventures
- Details: boldstart ventures is an early-stage venture capital firm. They specialize in backing enterprise software startups.
- Investment Focus Areas: Enterprise Software, Cloud Computing, Security
- Notable Investments: Not publicly disclosed
- Decibel Partners
- Details: Decibel Partners is a venture capital firm that invests in early-stage technology companies. They focus on disruptive innovations in various sectors.
- Investment Focus Areas: Technology, Artificial Intelligence, Cybersecurity
- Notable Investments: Not publicly disclosed
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