Adaptive and autonomous security access solutions startup Oleria Corp. announced today that it has raised $33 million in new funding to accelerate its product innovation, including artificial intelligence capabilities, and expand its go-to-market strategy.

The company was founded by former Salesforce Inc. Chief Trust Officer Jim Alkove and identity solutions product executive and former JumpCloud Inc. Chief Product Officer Jagadeesh Kunda. It offers adaptive and autonomous identity security solutions that help organizations protect their data at a time of digital change. The company says its service removes the need to choose between security and speed with adaptive security solutions that enable organizations and their chief information security officers to respond to their ever-changing access needs.

The service is focused on addressing issues wherein many organizations leveraging legacy security solutions must expend significant manual effort to combat identity-based threats. Oleria argues that as organizations adopt an ever-increasing number of interconnected software-as-a-service applications and cloud infrastructure, security solutions must modernize to meet their complex needs to continuously protect from these growing threats.

Oleria says its approach to access management enables CISOs to protect data and maintain trust in this dynamic environment without limiting the pace of business with traditional, rigid security constraints. The solution meets these demands by providing appropriate access to the right users at the right time and for the right duration, all with a relentless focus on user experience.

The solution continuously assesses and validates the people, applications and assets involved in each digital interaction and enables organizations to adapt security to specific contexts and changing needs.

“Oleria provides organizations with comprehensive visibility into their access posture and autonomously identifies and mitigates access risks before they can be exploited,” said Alkove, who’s the company’s co-founder and chief executive. “We are security operators building solutions for operators. Our team’s decades of experience in building and operating security programs at scale at tech leaders like Salesforce, Amazon and Microsoft allows us to understand the complex challenges CISOs are facing and tailor our solutions to them.”

Evolution Equity Partners LLC led the Series A round, with participation from Salesforce Ventures Inc., Tapestry Ventures LLC and Zscaler Inc. Including the new funding, Oleria has raised more than $40 million to date, including a seed round of $8 million in March 2023. 

Image: Oleria