Virtual Event: Threat Detection and Incident Response Summit - Watch Sessions
Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Smallstep Raises $26 Million for Automated Certificate Management Platform

Certificate management startup Smallstep Labs announced that it has raised $26 million in funding from several venture capital firms.

Certificate management startup Smallstep Labs announced that it has raised $26 million in funding from several venture capital firms.

The San Francisco-based company says it has closed two investment rounds, namely a $7 million seed round led by Boldstart Ventures and a $19 million Series A round led by StepStone Group. Accel Partners, Upside Partnership, and Bain Capital Ventures also participated.

Founded in 2016, Smallstep provides automated certificate lifecycle management solutions for DevOps. Its products include a certificate manager and an SSH access tool.

The company offers an open-source toolkit that provides DevOps teams with best practices for securing enterprise environments.

Smallstep says it will use the funds to invest in the open source community, will continue to build products for practical zero trust, and will accelerate research and development.

“The rapid rise of microservices and containers is eroding traditional network perimeter-based security. Certificates provide a source of truth for machine and production identity, but are tough to use at scale in modern architectures,” said Enrique Salem, partner at Bain Capital Ventures. “Smallstep makes the power of certificates easy to access, helping developers secure the services and containers that create their application fabric.”

Related: Data Security Firm Veza Emerges From Stealth With $110 Million in Funding

Advertisement. Scroll to continue reading.

Related: Risk Intelligence Company Strider Raises $45 Million

Related: Web Application Security Firm Source Defense Raises $27 Million

Related: Online Fraud Prevention Startup SEON Raises $94 Million

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.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.

Register

Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.

Register

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.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.

Funding/M&A

Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.

Funding/M&A

More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Funding/M&A

Thirty-five cybersecurity-related M&A deals were announced in February 2023