StrongDM Raises $34 Million in Series C Funding

StrongDMa Palo Alto, California-based zero trust privileged access management (PAM) company, has raised $34 million in Series C funding.

The round, which raised a total of $96 million, 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 Ondernemingen.

The company plans 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 specialized in Zero Trust Privileged Access Management (PAM). The solutions focus on continuous, policy-based controls that leverage actions and context to improve business security. This approach examines every user action and context in real time, allowing immediate blocking or additional verification for activities that pose security risks.

In the coming months, the company will roll out advanced policy-based controls that further enhance the security of 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