{"id":16690,"date":"2023-01-25T16:31:59","date_gmt":"2023-01-25T15:31:59","guid":{"rendered":"https:\/\/www.show.it\/strata-raises-26-million-for-multi-cloud-identity-management-platform\/"},"modified":"2023-01-25T16:31:59","modified_gmt":"2023-01-25T15:31:59","slug":"strata-raises-26-million-for-multi-cloud-identity-management-platform","status":"publish","type":"post","link":"https:\/\/www.show.it\/en\/strata-raises-26-million-for-multi-cloud-identity-management-platform\/","title":{"rendered":"Strata Raises $26 Million for Multi-Cloud Identity Management Platform"},"content":{"rendered":"<p><strong>Multi-cloud identity orchestration firm Strata Identity today announced that it has raised $26 million in Series B funding, which brings the total raised by the company to $42 million.<\/strong><\/p>\n<p>The new investment round was led by Telstra Ventures, with additional financing from previous investors Forgepoint Capital, Innovating Capital, and Menlo Ventures.<\/p>\n<p>Founded in 2019, the Boulder, Colorado-based firm offers a distributed identity orchestration platform to help organizations manage identity and security policies across hybrid and multi-cloud environments, from a central point.<\/p>\n<p>Strata\u2019s Maverics platform allows organizations to run multiple identity systems as a unified whole, a layer it calls Identity Fabric, all without having to rebuild applications, and provides user identity management across the entire fabric.<\/p>\n<p>Furthermore, the platform includes support for modern authentication methods, such as multi-factor authentication (MFA) and passwordless.<\/p>\n<p>With Maverics, Strata says, organizations can easily move legacy applications to the cloud, as well as transfer applications from one cloud provider to another.<\/p>\n<p>The company plans to use the new investment to scale sales and marketing and to expand its go-to-market initiative.<\/p>\n<p>According to Strata CEO Eric Olden, the company registered a 380% increase in revenue over the past year. \u201cThis new round of funding gives us the resources to scale up and meet colossal market demand for the Maverics platform,\u201d Olden said.<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/www.securityweek.com\/cygnvs-emerges-from-stealth-mode-with-incident-response-platform\/\"> Cygnvs Emerges From Stealth Mode With Incident Response Platform<\/a><\/p>\n<p><strong>Related:<a href=\"https:\/\/www.securityweek.com\/b2b-payment-security-firm-nsknox-raises-17-million\"> <\/a><\/strong><a href=\"https:\/\/www.securityweek.com\/b2b-payment-security-firm-nsknox-raises-17-million\">B2B Payment Security Firm NsKnox Raises $17 Million<\/a><\/p>\n<p><strong>Related:<a href=\"https:\/\/www.securityweek.com\/sase-company-netskope-raises-401-million\"> <\/a><\/strong><a href=\"https:\/\/www.securityweek.com\/sase-company-netskope-raises-401-million\">SASE Company Netskope Raises $401 Million<\/a><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.securityweek.com\/strata-raises-26-million-for-multi-cloud-identity-management-platform\/\">Strata Raises $26 Million for Multi-Cloud Identity Management Platform<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.securityweek.com\/\">SecurityWeek<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Multi-cloud identity orchestration firm Strata Identity today announced that it has raised $26 million in Series B funding, which brings the total raised by the company to $42 million. The new investment round was led by Telstra Ventures, with additional financing from previous investors Forgepoint Capital, Innovating Capital, and Menlo Ventures. Founded in 2019, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31,107],"tags":[],"class_list":["post-16690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-identity-access","category-strata-identity"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.show.it\/en\/wp-json\/wp\/v2\/posts\/16690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.show.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.show.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.show.it\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.show.it\/en\/wp-json\/wp\/v2\/comments?post=16690"}],"version-history":[{"count":0,"href":"https:\/\/www.show.it\/en\/wp-json\/wp\/v2\/posts\/16690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.show.it\/en\/wp-json\/wp\/v2\/media\/16691"}],"wp:attachment":[{"href":"https:\/\/www.show.it\/en\/wp-json\/wp\/v2\/media?parent=16690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.show.it\/en\/wp-json\/wp\/v2\/categories?post=16690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.show.it\/en\/wp-json\/wp\/v2\/tags?post=16690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}