- Automox — a cloud-native cyber hygiene platform provider — announced it has raised $30 million in Series B funding led by Koch Disruptive Technologies
Automox — a cloud-native cyber hygiene platform provider — announced it has raised $30 million in Series B funding. This funding round was led by Koch Disruptive Technologies (KDT) with participation from CRV and CrowdStrike — which is investing through the Falcon Fund in partnership with Accel.
With this funding round, Automox will use the capital to accelerate key feature development for its platform and expand its sales and marketing teams to support its rapidly growing enterprise customer base. And the funding round brings Automox’s total funding to $42 million.
“The security industry has done a great job of providing tools that are effective at identifying adversaries once they are inside your infrastructure,” said Jay Prassl, CEO and Founder at Automox. “Unfortunately, little innovation has been applied to proactively reduce the corporate attack surface by making sure the ‘windows and doors’ that attackers commonly exploit are locked to begin with. This is where Automox is focused.”
Nearly two out of three data breaches are attributed to vulnerabilities that security and IT teams know about. And studies have shown that adversaries weaponize new vulnerabilities within seven days of being disclosed.
Automox’s modern cloud-native platform enables security and IT teams to automate the fundamentals of endpoint hardening thus resulting in a reduction of their corporate attack surface by up to 80%. And this approach not only makes corporate infrastructure more resilient to attack, but it also dramatically reduces alert fatigue common in downstream endpoint detection and response (EDR) tools.
“Out of date, unpatched and misconfigured infrastructure is a pervasive security gap that has plagued corporations of every size for far too long,” explained Byron Knight, Managing Director at Koch Disruptive Technologies. “Automox, which has proven itself as a disruptive leader in the cybersecurity industry, is addressing this issue. KDT wants to partner with companies solving the world’s most complex challenges with innovative solutions, and Automox fits this criterion.”
This funding round comes at a time when adversaries are increasingly targeting vulnerable infrastructure that has been left unpatched and misconfigured.
“Automox is innovating within a critical and underserved portion of the security stack, and we are excited to have its technology be offered through the CrowdStrike Store and to support them through the Falcon Fund,” stated Amol Kulkarni, chief product officer at CrowdStrike. “Automox and CrowdStrike are making it easier than ever to stop breaches with unmatched speed and velocity. Our customers will benefit greatly from this integration through the automation and hardening of their endpoint infrastructures.”