Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

IAM Provider OneLogin Raises $100 Million

Cloud-based identity and access management (IAM) provider OneLogin announced that it has raised $100 million in growth financing. The company has now secured over $170 million in funding to date.

Cloud-based identity and access management (IAM) provider OneLogin announced that it has raised $100 million in growth financing. The company has now secured over $170 million in funding to date.

Founded in 2009, OneLogin provides enterprise-level businesses and organizations with a Unified Access Management (UAM) platform to unlock apps, devices, and data.

The recently closed $100 million financing was led by new investors Greenspring Associates and Silver Lake Waterman. Existing investors CRV, Scale Venture Partners, and Blue Cloud Ventures participated as well. 

With over 2,500 enterprises globally securing their applications with OneLogin, the company’s annual recurring revenue (ARR) nearly tripled over the last three years.

OneLogin has around 250 employees globally.

With the new capital, the company wants to accelerate adoption of its new products, including Multi-Factor Authentication (MFA), and to serve enterprises in the UAM category. The provider also plans further expansion in North America and Europe.

With Unified Access Management, OneLogin says, organizations can manage access for SaaS and on-premise application environments, and can also extend Access Management to networks and devices using cloud infrastructure. 

“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.

Related: Avanan Raises $25 Million in Series B Funding

Related: Identity Intelligence Firm 4iQ Lands $18 Million in Series B Funding

Related: Code Analysis Firm Semmle Launches With $21 Million in Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Identity & Access

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the...

Funding/M&A

Tenable has launched a $25 million venture fund to place bets on early-stage startups in the exposure management space.

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Cybersecurity Funding

Forward Networks, a company that provides network security and reliability solutions, has raised $50 million from several investors.