Open-source vendor Fleet snares $20m financing

Fleet, an endpoint visibility technology vendor, has pulled in $20m from a Series A funding round led by venture capital firm CRV.

Also participating in the round were a number of unnamed cybersecurity executives. Following this raise, Fleet has raised a total of $25m and has an overall valuation of $100m.

According to Security Week, Fleet is building an open-source software platform to help firms manage and secure employee laptops, cloud servers across multiple operating systems.

The firm said its platform has enrolled more than 1.65 million devices at organisations that include Uber, Heroku, Dropbox, Square, Wayfair, Gusto, Ernst & Young and Schrödinger.

The company also mentioned that the new funding provides a runway for the company to build and sell its platform in a very competitive marketplace.

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.