Medical care and research provider Mayo Clinic and managed care consortium Kaiser Permanente have added an undisclosed amount to a series B round for US-based cybersecurity software developer Order that likely totals $33.5m.
Ordr said it has now raised $50m in total, having closed the round’s $27.5m first close in December 2019. Battery Ventures led that tranche, which included Wing Venture Capital, 1011 Ventures and Unusual Ventures.
Kaiser Permanente participated in the second close through its corporate venture capital subsidiary, Kaiser Permanente Ventures. Ordr had previously disclosed $16.5m in funding prior to the series B round.
Founded in 2015, Ordr has developed an artificial intelligence-powered cybersecurity platform to monitor internet-of-things (IoT) and unmanaged devices connecting to a user’s enterprise network.
Daniel van den Bergh, principal at Kaiser Permanente Ventures, said: “The number of IoT devices is rapidly expanding across all industries and with it the potential for data breaches.
“It is critical for healthcare organisations to be proactive in securing such devices and the network on which they operate, to protect the patients who depend on them.
“Ordr has developed a powerful platform that leverages machine learning and behavioural analytics to protect IoT devices automatically, pre-emptively and at scale across the enterprise.”
The company revealed $16.5m raised through a series A round led by TenEleven Ventures and backed by Wing Ventures and Unusual Ventures when it emerged from stealth in February 2019.
