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Cybersecurity firm closes $21 million financing round

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Cybersecurity firm Verodin announced Tuesday it has closed a $21 million round of financing from 14 investors.

The Mclean-based company evaluates the effectiveness of companies’ cybersecurity controls.

The Series B funding was led by TenEleven Ventures and Bessemer Venture Partners (BVP).  Capital One Growth Ventures and Citi Venture. All existing investors participated in the round.

The investment brings Verodin’s total funding to $34 million.

The company said it 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.

Verodin also announced that Mark Hatfield, founder of TenEleven Ventures, has joined the company’s board of directors.

Verodin uses its SIP software to evaluate the effectiveness of customers’ endpoint, email, cloud and network controls.




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