Strata Identity, a Boulder, CO-based distributed multi-cloud identity orchestration company, raised $26M in Series B funding.
The round was led by Telstra Ventures with participation from Menlo Ventures, Forgepoint Capital and Innovating Capital. Marcus Bartram, General Partner at Telstra Ventures has joined the company’s board of directors.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Eric Olden, Strata Identity specializes in Identity Orchestration for hybrid and multi-cloud environments. The company has developed Maverics, a platform that enables organizations to connect and control incompatible identity systems without changing the user access experience. By decoupling applications from identity, Maverics makes it possible to implement modern authentication like passwordless and enforce consistent access policies without refactoring source code.
Leading enterprises in a wide range of industries, including financial services, retail, government, telecommunications and insurance rely on Strata for multi-cloud identity orchestration.
FinSMEs
25/01/2023