Oleria, a Bellevue, Washington-based provider of adaptive and autonomous identity security solutions, has raised $33.1 million in Series A funding.
SaaS Investors
The round was led by Evolution Equity Partners, with participation from Salesforce Ventures, Tapestry VC, and Zscaler.
Founded in 2008, Evolution Equity Partners is a growth capital investment firm based in New York, New York. The firm prefers to invest in operating in cybersecurity, enterprise software, big data, machine learning, artificial intelligence, SaaS, and mobile sectors.
Oleria Use of Funds
The company will use the funding to accelerate product innovation, including AI capabilities, and the go-to-market strategy. The company is currently piloting its solution with customers, planning for general availability in early 2024.
About Oleria
Oleria is a cybersecurity company that provides adaptive and autonomous identity security solutions that help organizations accelerate at the pace of change, trusting that their data is protected. The company offers organizations comprehensive visibility into their access posture and autonomously identifies and mitigates access risks before they can be exploited. Oleria allows organizations to pursue their best ideas, removing the barriers that keep team members from collaborating.
Funding Details
Company: Oleria Corporation
Raised: $33.1M
Round: Series A
Funding Month: January 2024
Lead Investors: Evolution Equity Partners
Additional Investors: Salesforce Ventures, Tapestry VC, and Zscaler
Company Website: https://www.oleria.com/
Software Category: Autonomous Identity Security Solutions
Source: https://www.businesswire.com/news/home/20240118743325/en/