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Ordr raises $16.5 million for network-level cybersecurity

February 26, 2019 / KYLE WIGGERS

In this day and age, enterprises can’t take a traditional IT approach to security — or so claims Ordr, a Santa Clara, California-based startup developing a network-level cybersecurity platform. It contends that the client-side security suites installed on legacy workstations, laptops, and handhelds are a poor fit for “hyper-connected” enterprise environments with smart door locks, digital signage, and hundreds (or thousands) of other internet-connected systems. And it has a point. Kaspersky Lab reported a threefold year-over-year increase in smart gadget hacks in the first half of 2018, with one malware variant managing to infect 57,000 wireless security cameras in a week. And with 30 billion devices expected to be connected by 2020, the problem only stands to worsen. Ordr, which emerged from stealth today, recently secured $16.5 million in series A financing from TenEleven Ventures, with contributions from Wing Ventures and Unusual Ventures. (TenEleven Ventures...