US-based endpoint management software developer Automox received $110m of series C funding yesterday from investors including Koch Disruptive Technologies, an investment subsidiary of chemical and energy conglomerate Koch Industries.
Private equity and venture capital firm Insight Partners led the round, with participation from VC firm TechOperators and funds managed by Blackstone. The company has now raised over $152m of funding since it was founded in 2015.
Automox operates a cloud-based platform that enables businesses to securely manage their endpoints, supporting software deployments and the management of software patches and updates. The funding will be used to expand the enterprise functionality of its platform and develop its go-to-market capabilities.
Koch Disruptive Technologies led Automox’s $30m series B round in February 2020, investing together with VC firm CRV and Falcon Fund, the investment vehicle jointly established by cybersecurity software producer CrowdStrike and VC firm Accel.
Automox had previously secured $9.3m in a November 2018 series A round led by TechOperators that included CRV, BlueNote Ventures, Tom Noonan and undisclosed existing investors.
The company had also pulled in $2m from Blue Note Ventures and assorted angel investors eight months earlier, following a $1.3m round backed by BlueNote Ventures, Zelkova Ventures, Firebrand Ventures and unnamed investors in 2017.
Jay Prassl, Automox’s CEO, said: “Enabling our customer’s journey to the IT Operations Cloud began with simplifying endpoint management and tackling the huge issues of software deployment, managing patches and updates, and managing configuration settings.
“This new funding will accelerate our ability to deliver greater breadth of capabilities in the platform as we continue to help enterprise customers shift away from a disparate collection of on-premises management tools, towards managing their entire infrastructure from the IT Operations Cloud.”