Orna Raises $1.065M In Seed Funding

orna

Orna, a Toronto, Canada-based provider of an AI-powered Security Orchestration, Automation and Response (SOAR) platform, raised $1M in Seed funding.

The round was led by WGG Capital Canada.

The company intends to use the funds to invest in marketing and demand generation, as well as R&D and go-to-market partnerships in the US, Canada, and EMEA, aiming to grow into an $80m valuation leading to a larger Series A round within the next 15 months.

Founded by Logan Wolfe, Jana Krioukov and Martyn Gill, Orna provides an AI-powered Security Orchestration, Automation and Response (SOAR) platform for small and midsize businesses that detects cyberattacks and uses AI to guide response, reporting, compliance and prevention efforts through an innovative real-time collaborative environment.

The company’s AI engine uses NLP to collate data across 28 sources, from the customer’s infrastructure, to CVE, MITRE, and the DarkWeb, to generate detailed attack and incident-specific tasks and actions for every stakeholder across not only IT, but legal, executive, HR, communications, and other domains. This way, everyone in the organization knows exactly what to do to respond to this particular incident with the utmost efficiency. Its Risk & Compliance and industry framework-adherent Report Builder features help users prevent attacks, streamline reporting, and reduce cyber insurance premiums by guiding the organization through the NIST process in a much more straightforward manner than the framework itself.

The Playbook Community Marketplace allows organizations, consultants, and vendors to create, customize, share, and even sell cyber incident playbooks with other ORNA users.

FinSMEs

06/06/2022