Overview:
Acquired by CISCO in 2023, Oort is a globally-distributed, pervasively-available platform for enterprise security and serves to be the connective tissue of the digital supply chain. While every business is protecting its own four walls, Oort is on a mission to connect and secure the sensitive pathways between businesses.
At the core of their vision is identity-aware networking: a system where every user, application, and resource is uniquely identified and isolated to minimize exposure. Today, security teams can use Oort to keep track of all identities in their system, create custom alerts for suspicious behavior or use off-the-shelf suggestions based on best-in-breed practices, as well as easily remediate these problems.
Investment Rationale:
Oort’s founder, Matt Caulfield, had spent a lot of time at CISCO’s innovation lab, thinking through edge networking and how it could be applied in the enterprise. When we first invested, there wasn’t a product yet, but the problem Oort was tackling was so strong that they already had CISOs from large organizations helping them in designing the product. The opportunity for identity and secure B2B connectivity in the enterprise is a massive market that we have been excited to go after.