StrongDM, a Palo Alto, CA-based zero trust privileged access management (PAM) company, raised $34M in Series C funding.
The round, which brought the total amount to $96M, was led by Anchor Capital, with participation from new investors Capital One Ventures, Cisco Investments, Frontline Ventures, and Singtel Innov8, as well as existing investors including GV, Sequoia Capital, and True Ventures.
The company intends to use the funds to expand its operations into the Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions.
Led by CEO Tim Prendergast, StrongDM is a cybersecurity company specializing in Zero Trust Privileged Access Management (PAM). Its solutions focus on continuous, policy-based controls that leverage actions and context to enhance enterprise security. This approach scrutinizes each user action and context in real-time, enabling immediate blocking or additional verification for activities that pose security risks.
In the coming months, the company will roll out advanced policy-based control features that further enhance security for critical infrastructure. These include micro-authorizations and contextual enforcement capabilities designed to meet the specific needs of CISOs and security teams.
FinSMEs
02/05/2024