Automox,
the cloud-native cyber hygiene platform provider, today announced that it has
raised $30 million in Series B funding. The 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.
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. The 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, Founder and CEO, 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 show 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, resulting in a reduction of their corporate
attack surface by up to 80%. 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"Out of date,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," said 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."
The latest
funding comes at a time when adversaries are increasingly targeting vulnerable
infrastructure that has been left unpatched and misconfigured. Launched in
2016, just before the NSA-derived ransomware worm WannaCry shut down computers
worldwide, Automox has kept customers ahead of adversaries by hardening
enterprise infrastructure 15x faster than the traditional tools deployed by
most corporations.
"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," said Amol Kulkarni, chief product
officer, 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."
"The only true
competitive advantage in security today is speed," added Prassl. "Hardening
infrastructure quickly and confidently is the most impactful step an
organization can take to reduce its overall cybersecurity risk."