Koch Disruptive Technologies, the corporate venturing subsidiary of petrochemical company Koch Industries, led a $30m series B round for US-based cyber hygiene software provider Automox yesterday.
The round also featured Falcon Fund, the $20m vehicle formed by cybersecurity software provider CrowdStrike and venture capital firm in August 2019, in addition to VC firm CRV.
Automox has developed a cloud software platform that remediates cybersecurity vulnerabilities created through software patches and updates. It will put the funding toward strengthening sales and marketing.
Amol Kulkarni, CrowdStrike’s chief product officer, said: “Automox is innovating within a critical and underserved portion of the security stack, and we are excited to have its technology be offered through the CrowdStrike Store and to support them through the Falcon Fund.
“Automox and CrowdStrike are making it easier than ever to stop breaches with unmatched speed and velocity. Our customers will benefit greatly from this integration through the automation and hardening of their endpoint infrastructures.”
The round boosted the company’s total funding to $42.6m and comes after a $9.3m series A in November 2018 that was led by TechOperators and backed by CRV, BlueNote Ventures, angel investor Tom Noonan and unnamed existing backers.
Blue Note Ventures had led a $2m round in March 2018 that included assorted individual investors, following $1.3m from BlueNote Ventures, Zelkova Ventures, Firebrand Ventures and undisclosed others the previous year.
