$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 Caulfield’s LinkedIn: https://www.linkedin.com/in/mcaulfie/

Fundraise Story: https://www.thesaasnews.com/news/oort-raises-15-million-in-funding