OneLogin, an access and identity management startup, recently raised $100 million investment in a financing round led by Greenspring Associates and Silver Lake Waterman along with the existing investors CRV and Scale Venture Partners. The California-based startup stated the new funds will be used to accelerate the adoption of its new products like Multi-Factor Authentication (MFA) to serve enterprises in the new Unified Access Management (UAM) sector. OneLogin also said the funds will be used to extend its footprints in North America and Europe regions.
Founded in 2009, OneLogin provides simple and secure application access and identity management services to enterprises. The company claims that it’s a pioneer in Unified Access Management that connects users and enterprises with technology through a secure login.
OneLogin claims that its UAM platform unlocks the apps, devices, and data that drive productivity and enable a unified approach to manage access for both SaaS and on-premise application environments collaboration.
“Every business needs Unified Access Management, and our solution is mission critical for all of our customers across both cloud and hybrid cloud environments. Our relentless focus on customer service coupled with this significant capital infusion supports OneLogin’s ongoing growth and investment,” said Brad Brooks, CEO of OneLogin.
“We believe in OneLogin’s vision for Unified Access Management and are excited to support the company as it accelerates its leadership position throughout North America and Europe,” said John Avirett, General Partner at Greenspring. “We’re at an inflection point for growth as all enterprises are faced with the challenge of managing access across SaaS and on-premise environments, as well as various devices and networks on the cloud infrastructure. OneLogin’s solution is something that every enterprise needs in its digital transformation journey.”
“The OneLogin team has built a strong platform to secure and manage access to applications. Their performance has accelerated since Brad joined as CEO, with a clear focus on culture and customers. We look forward to partnering with Brad and the rest of the leadership team in continuing this success and growth,” said Shawn O’Neill of Silver Lake Waterman.