January 18, 2024 at 08:18AM
Seattle-based startup Oleria, founded by former Salesforce CISO Jim Alkove, secured a $33 million Series A round led by Evolution Equity Partners. The funding, supported by previous investors, aims to further develop its adaptive and autonomous identity security technology. Oleria’s approach emphasizes providing seamless access management and continuously assessing and validating digital interactions.
Key takeaways from the meeting notes:
– Oleria, a Seattle-based identity and authentication startup, has secured a $33 million Series A round led by Evolution Equity Partners, with participation from previous investors Salesforce Ventures, Tapestry VC, and Zscaler.
– The company, founded by former Salesforce CISO Jim Alkove, will use the funding to enhance technology in adaptive and autonomous identity security, with a focus on artificial intelligence (AI) capabilities.
– Oleria aims to address the high percentage of breaches linked to compromised identities by offering a revamped approach to access management that ensures appropriate access without disrupting the user experience.
– The company’s product emphasizes continuous assessment and validation of users, applications, and assets in digital interactions, aiming to remove static and inflexible identity and access management that can hinder business operations.
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