附近上门

Multicloud identity management platform has raised $11 million in a Series A round, the company said Tuesday.

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Strata helps companies using multiple clouds manage identity and security policies across the different cloud services. There鈥檚 no question that companies are moving to the cloud, CEO said, but the challenge with multiple clouds is managing who has access to what.

鈥淣ow, it鈥檚 hard to find an enterprise that isn鈥檛 on the cloud and isn鈥檛 doing this across multiple cloud platforms,鈥� Olden said in an interview with 附近上门 News. 鈥淪o I think it鈥檚 really been a problem in the past three years where it鈥檚 become mandatory to figure out a multicloud (system).鈥�

led the round, with participation from . Menlo Ventures Partner will also join Strata鈥檚 board of directors.

Olden, a former senior vice president and general manager of cloud security and identity management at , is the 鈥淭om Brady of identity,鈥� Ganesan said, which is part of the reason the firm wanted to invest.

鈥淚 was like the Tampa Bay Buccaneers,鈥� Ganesan said. 鈥淲hen the GOAT is on the market, you鈥檝e got to get in.鈥澛�

The most exciting area of cybersecurity is identity, Ganesan said, because it鈥檚 the 鈥渓inchpin of everything you do.鈥�

鈥淚f your identity got compromised, that鈥檚 an issue. Who you are, what you鈥檝e done, what you have access to is central to cybersecurity,鈥� he added.

Strata, Ganesan said, is building a core infrastructure for enterprises鈥� future. The COVID-19 pandemic has only accelerated the push to digital and the cloud with so many companies having distributed teams.

鈥淚 think we saw that with 2020…when we were in our seed stage just getting things going, the expectation was that the market will understand what we’re doing in maybe two years, but we鈥檝e got to start now,鈥� Olden said. 鈥淏ut instead of this being in two or three years, it happened in two or three months.鈥�

The company, which is technically based in Boulder, Colorado and was founded in 2019, has 26 employees and plans to double by the end of the year, focusing on product and research and development.

鈥淭he financing is coming at a great inflection point for the company,鈥� Olden said. 鈥淲e were not looking for capital last year, and we were raising capital from customers. That鈥檚 always a great way to start, but now we need to scale. And we need to add more in the engineering side of things, and that鈥檚 really the focus this year, getting the initial customers really happy, thrilled and successful using the software, and then we’re going to scale the team.鈥�

Illustration: Li-Anne Dias