Investment

Deal of the Week: Koch family-backed venture group invests in security platform

Koch Disruptive Technologies – the venture group owned by Chase Koch, the son of multi-billionaire Charles Koch – led a Series B round worth $30 million in a cloud-based security group called Automox.

Based in Boulder, Colorado, Automox had already received $10 million in funding since it was launched in 2015. But KDT’s investment is likely to give Chase Koch and KDT a sizable holding in Automox.  

KDT, which was only founded in November 2017, is certainly keeping Chase busy. Already KDT has made some headline-grabbing investments, including Vayyar, an Israel-based augmented-reality group, which provides sensors for various applications ranging from breast cancer screening to detecting water leaks. KDT led the Series D round in Vayyar, which was worth $109 million. 

Other investments have included Ibotta, an application that pays its users for shopping online or in-store, Desktop Metals, a 3D print metal parts company, D2iQ, a cloud-based infrastructure group, and InSightec, which develops and manufactures ultrasound technology. 

KDT mostly leads these investment rounds, which shows in a very short space of time the family-backed venture group is mixing with the heavy hitters in the world of venture investing.

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