Why We Invested · Team8
Why the firm invested
Intel Capital evaluated Orchid as a customer prospect first and experienced its value directly before choosing to invest.
Starting as a prospect, Intel saw firsthand the value Orchid brings before deciding to invest.
Product
Orchid is creating an identity fabric capable of discovering, assessing, and integrating any application with any identity provider.
Its vision of creating the first identity fabric capable of discovering, assessing and integrating any application with any identity provider is ambitious but achievable.
Traction
Orchid has gained traction with leading enterprise customers, including Fortune 500 companies Costco and Repsol.
The traction Orchid has gained with leading enterprises, including Fortune 500 companies like Costco and Repsol, further validates its relevance and scalability.
Team
Orchid co-founder Robert Wiseman previously served in leadership roles at Claroty and as Vice President at Team8 Enterprise.
In his last two roles, Robert served in a leadership role at Claroty, a Team8 unicorn, and as a Vice President and Team8 Enterprise.
Investment context
Orchid raised a $36 million seed funding round co-led by Team8 and Intel Capital.
Orchid is bolstered by a $36 million seed funding round, co-led by Team8 and Intel Capital, with additional support from CapitalOne and industry leaders like Jeff Williams (FireEye, Cisco, McAfee), Dror Davidoff (Aqua), and Zohar Alon (Dome9, Check Point).
What founders can learn
- What actually moved the decision: Team8 wrote that Intel Capital evaluated Orchid as a customer prospect first and experienced its value directly before choosing to invest.
- The traction evidence that carried weight: Team8 wrote that Orchid has gained traction with leading enterprise customers, including Fortune 500 companies Costco and Repsol.
- How the team was judged: Team8 wrote that Orchid co-founder Robert Wiseman previously served in leadership roles at Claroty and as Vice President at Team8 Enterprise.
Source and provenance
Why We Invested published by Team8 on team8.vc (first-party source). Read the original
