Brazilian privileged access management (PAM) solutions provider Senhasegura today announced that it has raised $13 million in a Series A funding round led by Graphene Ventures.
Founded in 2010 and having a market presence in over 55 countries, the Sao Paulo-based PAM vendor officially launched its North American operations in August this year.
The company aims to address the entire privileged access management lifecycle with its 360º Privilege Platform, which can help organizations implement a zero-trust architecture, to prevent privilege abuse from both outside and inside.
Over the past year, Senhasegura, which translates to ‘secure passwords’ in Portuguese, landed a multi-million-dollar, multi-year PAM contract with Brazil’s largest national defense contractor, added over 150 channel partners, and increased its customer base by 89%.
The company plans to use the new investment to accelerate product innovation and increase its global footprint, prioritizing the North America and MENA (Middle East & North Africa) markets.
Senhasegura’s expansion plans include the launch of the MySafe personal password vault in October 2022, along with platform enhancements to cover cloud security and entitlements in early 2023.
Related: AppSec Startup ArmorCode Raises $14 Million
Related: Laika Raises $50 Million for Its Compliance Platform
Related: Security Posture Management Firm Veriti Emerges From Stealth With $18.5M in Funding
Related: Darwinium Raises $10 Million for Customer Protection Platform

More from Ionut Arghire
- Former Ubiquiti Employee Who Posed as Hacker Pleads Guilty
- Atlassian Warns of Critical Jira Service Management Vulnerability
- Exploitation of Oracle E-Business Suite Vulnerability Starts After PoC Publication
- Google Shells Out $600,000 for OSS-Fuzz Project Integrations
- F5 BIG-IP Vulnerability Can Lead to DoS, Code Execution
- Flaw in Cisco Industrial Appliances Allows Malicious Code to Persist Across Reboots
- HeadCrab Botnet Ensnares 1,200 Redis Servers for Cryptomining
- Malicious NPM, PyPI Packages Stealing User Information
Latest News
- US Downs Chinese Balloon Off Carolina Coast
- Microsoft: Iran Unit Behind Charlie Hebdo Hack-and-Leak Op
- Feds Say Cyberattack Caused Suicide Helpline’s Outage
- Big China Spy Balloon Moving East Over US, Pentagon Says
- Former Ubiquiti Employee Who Posed as Hacker Pleads Guilty
- Cyber Insights 2023: Venture Capital
- Atlassian Warns of Critical Jira Service Management Vulnerability
- High-Severity Privilege Escalation Vulnerability Patched in VMware Workstation
