Fri. Jan 18th, 2019

Cloud-Based Patching and Configuration Firm Automox Raises $9.3 Million

Cloud-Based Patching and Configuration Firm Automox Raises $9.3 Million

Automox, a global provider of cloud-based patching and configuration management solutions, has closed a $9.3 million investment round from leading cybersecurity venture capital firms and long-standing industry veterans.

Enterprise IT environments are increasingly complex. Today’s IT administrators must manage a growing pool of devices and new cyber security threats across a broad geography with limited resources.

Over the last 10 years the focus of the IT security industry has largely been on new and novel ways to scan, detect and report on threats, while little energy has been spent revolutionizing the tools to actually fix infrastructure vulnerabilities. Automox has filled that void in the security market “by empowering IT administrators with a suite of tools that automates the fundamental tasks that keep their organizations more secure than ever before.”

Automox’s cloud-based, automated patch management solution would simplify patching and configuration management across Windows, Linux, Mac OS X and third-party software. Based in Boulder, Colorado, privately held Automox provides IT managers and system administrators with a patching system of record to track, control and manage their patch management process, providing greater security, improved productivity and significant time savings.

“At the heart of every corporate cyber practice are two basic questions: are all of my systems and software patched and up to date, and are those systems configured and maintained correctly?” said Jay Prassl, Founder and CEO of Automox. “Unpatched and misconfigured systems are massive problems that represent 80 percent of the corporate attack surface. That is an astounding statistic. Imagine eliminating all those issues for corporations and organizations of every size. That is exactly what we are doing at Automox through our automated cloud platform.”

Acquired by IBM, Cisco

The Series A investment was led by new investor TechOperators with participation from CRV, BlueNote Ventures and Tom Noonan, along with previous insiders. Automox already secured $2 million in funding earlier this year to accelerate its product development and marketing.

In addition to personally participating in the financing, Mr. Noonan also joins the Automox board of directors. A cybersecurity veteran with more than 20 years of experience in the field, Noonan is currently a general partner at TechOperators and formerly the founder and CEO of Internet Security Systems (acquired by IBM), JouleX (acquired by Cisco) and Endgame.

Automox already protects tens of thousands of customer endpoints for organizations including Greyhound Lines, Hootsuite, NASA, Quicken,Yale University, Xerox, Dollar Shave Club and more.

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