StrongDM, a Palo Alto, CA-based Zero Trust privileged access management company, has secured $34 million in Series C funding, bringing its total funding to $96 million.
Investors
The round was led by Anchor Capital, with participation from Capital One Ventures, Cisco Investments, Frontline Ventures, Singtel Innov8, GV, Sequoia Capital, and True Ventures.
Anchor Capital is an investment company that invests in businesses within the financial services, communications, and internet market sectors, targeting startups to medium-sized entities with particular emphasis on emerging markets in the Asia Pacific, Indian subcontinent, and Middle Eastern regions.
StrongDM Use of Funds
With the new funds, the company plans to expand globally into the EMEA and APAC regions, establish an engineering center in Poland, and roll out advanced policy-based control features.
About StrongDM
Founded in 2015, StrongDM is a technology company specializing in Zero Trust Privileged Access Management (PAM). Its PAM solutions focus on continuous, policy-based controls that leverage actions and context to enhance enterprise security. StrongDM’s technology scrutinizes each interaction in real time, preventing breaches before they occur and ensuring secure, frustration-free access across all platforms.
Funding Details
Company: StrongDM, Inc.
Raised: $34.0M
Round: Series C
Funding Month: May 2024
Lead Investors: Anchor Capital
Additional Investors: Capital One Ventures, Cisco Investments, Frontline Ventures, Singtel Innov8, GV, Sequoia Capital, True Ventures
Company Website: https://www.strongdm.com/
Software Category: Privileged Access Management
Source: https://www.prnewswire.com/news-releases/aisap-raises-13-million-in-seed-funding-for-first-ai-powered-point-of-care-ultrasound-diagnostic-solution-302134639.html