Verodin, a Tysons, VA-based provider of solutions to validate the effectiveness of cybersecurity controls, raised $21M in Series B funding.
The round, which brought total funding to $34M, was led by TenEleven Ventures and Bessemer Venture Partners (BVP), with participation from Capital One Growth Ventures, Citi Ventures and existing investors. In conjunction with the funding, Mark Hatfield, founder of TenEleven Ventures, joined Verodin’s board of directors.
The company will use the funds to continue development of its Security Instrumentation Platform (SIP), increase hiring across all functional areas and expand its global sales reach.
Founded in 2014 and led by CEO Christopher Key, Verodin provides a Security Instrumentation Platform (SIP) that gives evidence of the effectiveness of customers’ cybersecurity controls, enabling them to validate the protection of their business-critical assets.
Verodin deploys its SIP software into customer IT environments to test the effectiveness of the customer’s endpoint, email, cloud and network controls.
It continuously executes tests and analyzes the results to alert from a known-good baseline, validate and optimize control configuration, and provide evidence demonstrating if the controls purchased and deployed are actually delivering the desired business outcomes.
This capability enables enterprises to quantifiably validate if their controls are actually protecting their business-critical assets.