SGNL.ai, a Palo Alto, CA-based industry-defining continuous access and authorization management company, raised strategic funding of undisclosed amount.
The round saw participation from Cisco Investments, Costanoa Ventures, Fika Ventures, Moonshots Capital, and Resolute Ventures.
The copmany intends to use the funds to expand operations and its business reach.
Led by CEO Scott Kriz, SGNL provides a platform that helps companies achieve a zero standing privilege (ZSP) security posture by continuously and contextually evaluating user access and authorizing access only when needed. This reduces the risk of data breaches and security incidents caused by compromised accounts or misuse.
The company has deployed its platform for customers as a SaaS solution and in Azure and AWS VPCs globally. The enterprise grade platform enables customers to:
- Mitigate the risk of data breaches and other security incidents: SGNL’s zero standing privilege approach minimizes the blast radius of an attack.
- Reduce costs: Reduced security incidents translate to lower incident response costs, operational disruption, regulatory fines, and reputational damage.
- Expand revenue: SGNL’s customers have been able to open new markets through establishing zero standing access.
- Improve compliance with security standards and regulations: Businesses can better adhere to regulatory requirements, such as GDPR and HIPAA, by ensuring precise control and monitoring of user privileges.
- Increase operational efficiency: SGNL’s platform simplifies access management, making it easier for organizations of all sizes and industries.
FinSMEs
16/11/2023