OverWatchID, a Denver, CO-based provider of cloud-based converged identity security solutions, closed a $2.5m seed funding round.
The round, which brought total funding raised to date to $4.5m, was led by WestWave Capital and Silicon Valley Data Capital with participation from IrishAngels Ventures, OCA Ventures, Rockies Venture Club and Copper River Advisors.
The company intends to use the funds to accelerate growth and invest in continuing R&D.
Led by Andy Funk, co-founder and CEO, OverWatchID provides a patent-pending platform that comprises privileged access management (PAM), single sign-on (SSO), multifactor authentication (MFA) and cloud access security brokering (CASB).
To date, the company has provided converged identity security solutions to carrier fleets such as Frontier Airlines, managed service providers like Datavail and Unitas Global and many other enterprise clients.