BOULDER, CO, Strata, the distributed multi-cloud identity orchestration company, has closed an $11 million Series A round of financing.
The round was led by Menlo Ventures and supported by ForgePoint Capital. The company's founders co-authored the SAML standard used today to transparently provide cross-cloud identity and single sign-on (SSO) between web sites. Strata has built the first distributed identity orchestration platform, called Maverics, to revolutionize the fast-growing $12B identity and access management (IAM) market.
Strata is pioneering the concept of identity orchestration for distributed, multi-cloud identity. The Strata Identity Fabric enables enterprises to seamlessly unify on-premises and cloud-based authentication and access systems for consistent identity management in multi-cloud environments. Strata's distributed approach to identity enables organizations to break decades-old lock-in that has prevented a broader transition of enterprise workloads to public cloud infrastructures. The company's founders co-authored the SAML open standard for identity interoperability, created the first cloud identity services, delivered the first open-source identity products, and are now building the first distributed identity platform.
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