SGNL, a Palo Alto, CA-based identity-first security startup, has raised $30 million in Series A funding, bringing its total raised to $42 million.
Investors
The round was led by Brightmind Partners, with participation from Costanoa Ventures, Microsoft’s M12, and Cisco Investments.
Brightmind Partners is a security-focused venture capital investment firm based in New York. Founded in 2024, the firm is committed to investing in the next generation of cybersecurity and infrastructure.
SGNL Use of Funds
The company plans to use the investment to expand its go-to-market strategy, accelerate product development, and enhance customer support.
About SGNL
Founded in 2021 by Scott Kriz and Erik Gustavson, SGNL focuses on improving identity security and access management for enterprises, particularly in cloud environments. Its privileged access management focuses on real-time, conditional access control for critical systems. It helps businesses manage and secure access by eliminating static credentials and automating access decisions in real-time.
Funding Details
Company: SGNL, Inc.
Raised: $30M
Round: Series A
Funding Date: February 2025
Lead Investor: Brightmind Partners
Additional Investors: Costanoa Ventures, Microsoft’s M12, Cisco Investments
Company Website: https://www.sgnl.ai/
Software Category: Identity and Access Management (IAM)
Source: https://www.businesswire.com/news/home/20250212021009/en/