Cybersecurity monitoring startup Verodin Inc. Tuesday said it has raised $21 million in new funding to continue development of its Security Instrumentation Platform, increase hiring across all functional areas and expand its global sales reach.

The Series B round was led by TenEleven Ventures and Bessemer Venture Partners, with Capital One Growth Ventures, Citi Ventures and all existing investors also participating. As part of the deal, Mark Hatfield from TenEleven has joined the company’s board.

Founded in 2014, Verodin’s Security Instrumentation Platform has been designed to allow businesses to track the effectiveness of cybersecurity controls, enabling them to validate the protection of their business-critical assets.

The cloud-based SIP can be deployed into customer information technology environments to test the effectiveness of the customer’s endpoint, email, cloud and network controls. The platform continuously executes tests and analyzes the results to proactively alert on drift from a known-good baseline, validate and optimize control configuration, and provide evidence demonstrating if the controls purchased and deployed are actually delivering the desired business outcomes.

“As more security tools get deployed by businesses, their infrastructure becomes so bloated it’s hard to tell what’s legacy and what’s effective,” a spokesperson for Verodin told SiliconANGLE. “In this environment, CISOs need to provide actual evidence of security effectiveness — proof that the technologies in place are working as they should, within specified parameters.” Verodin, the company said, offers the ability to measure, manage and improve existing cybersecurity effectiveness.

Including the new funding, Verodin has raised $34 million to date. Previous investors include Cisco Investments, Crosslink Capital, Blackstone Ventures and Rally Ventures.

Image: Verodin