UPDATED 08:00 EST / SEPTEMBER 15 2021

SECURITY

Infrastructure access platform startup strongDM raises $54M

Infrastructure access platform startup strongDM Inc. announced today that it has raised $54 million in new funding to build on its vision to deliver secure infrastructure access for every environment and enterprise.

Tiger Global led the Series B round. Other investors included GV, Sequoia Capital, True Ventures, HearstLab, Bloomberg Beta and Godfrey Sullivan.

Founded in 2015, strongDM offers an enterprise-grade platform delivering secure infrastructure access controls that work with every infrastructure environment, legacy or multicloud. The platform manages and audits access to servers and databases, providing a single platform to control access to any database for employees, vendors and cloud-based tools.

The company combines authentication, authorization, networking and observability into one platform. The service allows DevOps teams to deliver infrastructure access securely at large scale while embracing modern security and compliance requirements.

Benefits of the platform include efficient implementation of least-privilege and role-based access controls, as well as workflow automation for technical staff. It also enables DevOps to treat access “as code,” offers the ability to ensure that access is locked down from instance spin-up to tear-down, and provides audit readiness out of the box.

StrongDM has seen substantial growth over the last year. Notable customers include Squarespace Inc., Olive AI Inc., Peloton Interactive Inc., Better Holdco Inc., Chime, Betterment LLC, Social Finance Inc. and Yext Inc.

“Enterprises have already modernized their infrastructure or are in the throes of transformation. The complexity of today’s reality requires DevOps teams to juggle security and access, typically competing priorities,” said Elizabeth Zalman, co-founder and chief executive officer of strongDM, said in a statement. “But the developer experience has historically been ignored, which is why security products end up as shelfware.”

Including the new funding, strongDM has raised $76.1 million to date, according to data from Crunchbase.

Image: strongDM

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