Smallstep Labs Raises $26M in Series A Funding

Smallstep Labs, a San Francisco, CA-based provider of an infrastructure security service, raised $26M in total funding.

These included:

  • a seed round of $7m led by boldstart ventures with participation from Accel Partners, Bain Capital Ventures and Upside Partnership, LLC, and
  • a Series A of $19m led by StepStone Group with participation from existing investors.

The company intends to use the funds to expand its focus on creating products for practical zero trust by investing in their open source community, and accelerating research and development to bring new features and expertise to securing infrastructure.

Founded by Mike Malone, Smallstep Labs turns security practices into an open-source toolkit that empowers any developer or operator to secure their infrastructure properly, by identifying everything and everyone, issuing credentials, encrypting data and communications, and driving a strong security policy.

FinSMEs

29/04/2022