UnboundID Raises $12.5M in Series B Funding

UnboundID, an Austin, Texas-based platform provider for identity services, has raised $12.5m in Series B funding from OpenView Venture Partners.

The company intends to use the capital to expand market penetration into new geographies and vertical markets, and to develop new products.

Led by CEO Steve Shoaff and CPO Andy Spillane, UnboundID provides an identity services platform, which enables companies to dynamically manage, protect, and share real-time customer data across cloud, mobile, and social applications. The company is also funded by Silverton Partners.

UnboundID is currently hiring (http://www.unboundid.com/company/careers.php).



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