Identity Management Startup OneLogin Raises $1.5 from Charles River Ventures

Identity management startup OneLogin, announced today that it has secured a $1.5M series A round of funding from Charles River Ventures, an existing investor in the company.

OneLogin offers a set of APIs and widgets that help companies enable enterprise integration and enables users to sign in once – to their local area network or OneLogin – and gain one-click access to all their Web applications without having to re-enter a password. OneLogin integrates with all company Web applications, in the cloud and behind the firewall, using SAML, OpenID, form-based authentication and proprietary protocols. OneLogin is pre-integrated with more than 1,700 web applications but also allows in-house applications to be integrated.

The freshly injected cash will be used to expand the engineering, sales and product development. OneLogin counts Yammer, Colby Community College and Transwest in its growing list of customers. The company also says that its free Security Assertion Markup Language (SAML) toolkit has enabled single sign-on (SSO) for software-as-a-service (SaaS) vendors, including Zendesk, SugarCRM and KnowledgeTree.

Co-founders, Thomas and Christian Pedersen, previously worked at Zendesk, a provider of cloud-based help desk software. During their time at Zendesk, they witnessed how companies were moving to the cloud in droves, but also realized the significant security and productivity challenges cloud applications presented. The idea was born to create an easy to use identity management solution that would “democratize identity management”, making it available to companies of all sizes. Traditional identity management solutions targeted large enterprises with large budgets and the ability to take on complex projects. The company launched in the Spring of 2010 and received backing from Charles River Ventures and Redpoint Ventures shortly after.