O'Reilly Media-backed Qadium has obtained $40m in funding from a consortium led by Institutional Venture Partners.

Qadium, a US-based internet indexing company backed by media company O’Reilly Media, raised $40m in a series B round yesterday led by Institutional Venture Partners.

TPG Growth, New Enterprise Associates (NEA), Founders Fund, Susa Ventures and assorted angel investors also participated in the round.

Qadium has developed technology to index devices connected to the public internet, updating its logs every hour to continually monitor networks and identify potential security risks such as misconfigured cloud hosting platforms and unauthorised internet of…