$15M Raised to Protect Enterprises Against Account Takeovers
Oort, a Boston, MA-based identity-centric enterprise security platform, raised $15 million in the funding of Seed and Series A rounds.
I interviewed Matt Caulfield, Founder and CEO at Oort. Matt put his time in as a cloud/systems engineer. While working at a Fortune 100 company, he saw a market opportunity in security and ditched his employee title for SaaS founder.
Oort will use the funds to grow and further accelerate its go-to-market (GTM) strategy and leadership in identity threat detection and response.
The round was co-led by .406 Ventures, Energy Impact Partners (EIP), and Cisco Investments and joined by existing investors including 645 Ventures, Bain Capital Ventures, and First Star Ventures.
- CFO's watch out! You are a security target.
- Oort protects against account takeovers
- Founded 2019
- Team size of 20
- $15M total raised
- Land and expand GTM strategy
- Very engaged customers were a signal to raise
Matt Caulfieldā€™s LinkedIn: https://www.linkedin.com/in/mcaulfie/
Fundraise Story: https://www.thesaasnews.com/news/oort-raises-15-million-in-funding
