Is Ordr profitable in 2026?

Ordr has not disclosed profitability. Third party estimates put annual revenue around $27-33M, and the company has raised no new capital since its $40M Series C closed June 1, 2022, with headcount falling from 119 (Feb 2024) to 91 (June 2026).

Is Ordr doing layoffs?

Ordr's headcount peaked at 119 in February 2024 and had fallen to 91 by June 2026, a roughly 3% year over year decline, per Crustdata tracking as of June 20, 2026. No formal layoff announcement has been reported.

Could AI replace Ordr?

Ordr launched ORDR IQ on November 11, 2025, an agentic layer built on the Model Context Protocol that interoperates with Claude, OpenAI and Gemini. It automates triage and policy drafting, meaning Ordr is a downstream AI integrator, not a model owner, leaving its data moat as the main defense.

Who is Ordr's biggest competitor?

Claroty is Ordr's top rival, named Gartner Magic Quadrant Leader for CPS Protection Platforms for a second consecutive year as of June 10, 2026. Armis (Forrester Wave Leader for IoT Security, Q3 2025) and Nozomi Networks also outrank Ordr in analyst placement.

Ordr is privately held and venture backed, founded in 2015 by Sheausong Yang and Pandian Gnanaprakasam. As of March 3, 2025, Gnanaprakasam returned as CEO with Rene Bonvanie, ex-Palo Alto Networks CMO, serving as Executive Chairman.

How much money has Ordr raised?

Ordr has raised approximately $90-94 million total, per a May 22, 2025 funding tracker, including a $40M Series C co-led by Battery Ventures and Ten Eleven Ventures that closed June 1, 2022, its most recent priced round.

Cybersecurity companies · United States

Ordr

ordr.net ↗

Ordr makes software that finds and secures every connected device on a network.

Protection under test

Assessed 21 July 2026 · Evidence as of 21 July 2026

Something worth protecting exists and is being tested right now.

On the recordSince 21 July 2026 · Checkable from H2 2026 · Every call on the record Checkpoint: Next funding round or acquisition announcement, first since 2022 Series C

The call

Ordr has real customers and real device data but is short on cash and losing analyst rank to Claroty and Armis, leaving its next move up to the next check written.

Ordr helps hospitals and businesses keep track of medical devices and other equipment on their networks so hackers cannot break in. Competitors like Claroty and Armis have more money and better brand recognition, making it hard for Ordr to stand out, and big tech companies like Cisco and Palo Alto are adding similar features to their own products. The real test is whether Ordr can raise new money, keep its team, or get bought by a larger company, because without one of those things, it may end up in a weaker deal that hurts anyone who owns stock.

Why

AI pressure: Claude, OpenAI, and Gemini agentic AI tools. AI agents can now do device triage and policy writing, work Ordr used to sell as unique, so that edge shrinks over time. Could AI do the core job? Only partly.

Bigger players: Cisco, Palo Alto Networks, Fortinet. Palo Alto added ML based IoT security in 2022 and Cisco bundles device visibility into ISE, both squeeze Ordr on price and reach. Could a giant copy it? Yes, easily.

What protects it. Its device behavior database, health and industrial system integrations, and compliance workflows built with hospitals like Mayo Clinic.

What would change this call

Ordr announces a new priced round, bridge financing, or acquisition within 12 months. Shows whether Ordr can secure capital or is being absorbed due to financial strain.
Gartner or Forrester publish updated OT/IoT security rankings naming Ordr's tier. Shows if Ordr is closing or widening the analyst gap with Claroty and Armis.
Ordr's LinkedIn headcount or web traffic stabilizes or grows for two straight quarters. Shows whether the current decline in headcount and visibility is reversing.

Key numbers

No new funding round in 4+ years (June 2026)
Total funding raised about $90 to 94 million (May 2025)
Two CEO changes in 3 years, founder returned March 2025 (March 2025)

Named risks

No new priced funding round since Series C closed June 2022, raising down-round or bridge financing risk. Severity: high
Two CEO transitions in under 3 years signal possible strategic instability. Severity: medium
Headcount fell from 119 (Feb 2024) to 91 (June 2026) with web traffic down 43% QoQ. Severity: medium
Losing analyst ranking ground to better-funded Claroty and Armis in core CPS/OT security category. Severity: high
Agentic AI (ORDR IQ) built on third-party frontier models could be replicated by generic AI wrappers atop rival telemetry. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
Claroty	losing to	Named Gartner MQ Leader for CPS Protection Platforms for 2nd straight year as of 2026-06-10
Armis	losing to	Named Forrester Wave Leader for IoT Security, Q3 2025
Nozomi Networks	gaining on	Nozomi claims protection of 115 million industrial and IoT assets across 12,000+ sites (2026)
Cisco	contesting	Cisco ISE remains market-leading NAC by volume, cited in 2026-06-10 ICS rankings
Palo Alto Networks	contesting	Shipped own ML-based IoT security add-on, flagged as competitive pressure since 2022

Questions people ask

Is Ordr profitable in 2026?: Ordr has not disclosed profitability. Third party estimates put annual revenue around $27-33M, and the company has raised no new capital since its $40M Series C closed June 1, 2022, with headcount falling from 119 (Feb 2024) to 91 (June 2026).
Is Ordr doing layoffs?: Ordr's headcount peaked at 119 in February 2024 and had fallen to 91 by June 2026, a roughly 3% year over year decline, per Crustdata tracking as of June 20, 2026. No formal layoff announcement has been reported.
Could AI replace Ordr?: Ordr launched ORDR IQ on November 11, 2025, an agentic layer built on the Model Context Protocol that interoperates with Claude, OpenAI and Gemini. It automates triage and policy drafting, meaning Ordr is a downstream AI integrator, not a model owner, leaving its data moat as the main defense.
Who is Ordr's biggest competitor?: Claroty is Ordr's top rival, named Gartner Magic Quadrant Leader for CPS Protection Platforms for a second consecutive year as of June 10, 2026. Armis (Forrester Wave Leader for IoT Security, Q3 2025) and Nozomi Networks also outrank Ordr in analyst placement.
Who owns Ordr?: Ordr is privately held and venture backed, founded in 2015 by Sheausong Yang and Pandian Gnanaprakasam. As of March 3, 2025, Gnanaprakasam returned as CEO with Rene Bonvanie, ex-Palo Alto Networks CMO, serving as Executive Chairman.
How much money has Ordr raised?: Ordr has raised approximately $90-94 million total, per a May 22, 2025 funding tracker, including a $40M Series C co-led by Battery Ventures and Ten Eleven Ventures that closed June 1, 2022, its most recent priced round.

Timeline

2026-03-24Ordr launches ORDR IQ sandbox for prospects to trial agentic assistant
2025-11-11Ordr unveils ORDR IQ, multi-agent security orchestrator built on MCP
2025-03-03Co-founder Pandian Gnanaprakasam returns as CEO, Bonvanie named Executive Chairman
2022-11-01Jim Hyman succeeds Greg Murphy as CEO
2022-06-01Ordr closes $40M Series C led by Battery Ventures and Ten Eleven Ventures
2020-03Series B tranche of $6M led by Mayo Clinic closes
2019-12Series B of $27.5M led by Battery Ventures closes
2019-02Series A of $16.5M led by Ten Eleven Ventures closes
2015Ordr founded by Sheausong Yang and Pandian Gnanaprakasam

Revision history

21 July 2026

First assessed. Protection under test. The text above is fixed as of this date and is not edited afterwards.

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