Ordr, the leader in security for enterprise IoT and unmanaged devices, today announced funding from Mayo Clinic and Kaiser Permanente Ventures. The additional funding comes after the company announced its Series B this past December. The company has now raised approximately $50 million. The additional investment validates the company's strategy of delivering security software to organizations that are implementing preventative security programs for their enterprise IoT and unmanaged devices.
A recent Markets and Markets report identified that the global IoT security market is expected to grow from $8.2 billion in 2018 to $35.2 billion by 2023. New and dynamic cyber threats to critical infrastructure have become a reality causing enterprises across all industries to take a more real-time, proactive approach to securing IoT devices and other unmanaged devices that touch their networks.