PlainID, a provider of authorization and identity and access management (IAM) solutions, today announced that it has raised $75 million in Series C funding, which brings the total raised to $96 million.
The funding round was led by New York-based Insight Partners, with participation from all previous investors, including Itai Tsiddon and Viola Ventures.
Founded in 2014, the Tel Aviv-based PlainID provides organizations with a policy-based authorization solution that seeks to bring together IAM and cybersecurity with a real-time decision engine, all in a single, intuitive interface.
According to PlainID, its Policy-Based Access Control (PBAC) technology can solve the challenges that businesses face when implementing IAM in their environments.
The company also provides Policy Manager and Partner Manager solutions, to help organizations easily provide users with access to only the data and applications they need by adding advanced authorization capabilities to new and legacy technologies.
PlainID says the new funding will help it accelerate product development and expand its go-to-market strategy.
“This major funding round is an important milestone for PlainID and will enable us to significantly scale our platform to meet the huge opportunities that exist within the IAM and Cybersecurity markets,” commented Oren Ohayon Harel, CEO and co-founder of PlainID.
Related: Noname Security Raises $135 Million at ‘Unicorn’ Valuation
Related: Web Browsing Security Firm Guardio Raises $47 Million
Related: Identity Verification Company Incode Raises $220 Million at $1.25 Billion Valuation
Related: Grip Security Raises $25 Million to Secure SaaS Applications

More from Ionut Arghire
- Critical Vulnerability Impacts Over 120 Lexmark Printers
- BIND Updates Patch High-Severity, Remotely Exploitable DoS Flaws
- Microsoft Urges Customers to Patch Exchange Servers
- Iranian APT Leaks Data From Saudi Arabia Government Under New Persona
- 820k Impacted by Data Breach at Zacks Investment Research
- US Government Agencies Warn of Malicious Use of Remote Management Software
- Chinese Hackers Adopting Open Source ‘SparkRAT’ Tool
- CISA Provides Resources for Securing K-12 Education System
Latest News
- Critical Vulnerability Impacts Over 120 Lexmark Printers
- BIND Updates Patch High-Severity, Remotely Exploitable DoS Flaws
- Industry Reactions to Hive Ransomware Takedown: Feedback Friday
- Microsoft Urges Customers to Patch Exchange Servers
- Iranian APT Leaks Data From Saudi Arabia Government Under New Persona
- US Reiterates $10 Million Reward Offer After Disruption of Hive Ransomware
- Cyberattacks Target Websites of German Airports, Admin
- US Infiltrates Big Ransomware Gang: ‘We Hacked the Hackers’
