Britive Raises $20.5M to Broaden Its Cloud Identification Safety Platform

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Identity Security

Britive, a cloud id safety platform, has raised $20.5 million in Collection B funding to help the corporate’s rising buyer base and hovering curiosity in its privileged entry administration platform. The funding spherical was led by Pelion Enterprise Companions, with participation from Liberty International Ventures and insiders Crosslink Capital and One Means Ventures.

In line with Britive, the funding comes at a time of sturdy momentum marked by greater than 300% year-over-year income development fueled by main buyer wins throughout monetary, retail, high-tech, and different {industry} verticals.

The Collection B funding can be a testomony to Britive’s success in assembly the cloud safety wants of Fortune 500 corporations and medium to massive enterprises alike, in accordance with the corporate itself. Britive’s cloud-native platform automates privileged id administration, serving to organizations implement cloud safety finest practices like Simply-In-Time (JIT) entry and nil standing privileges (ZSP) to stop safety breaches and operational disruptions whereas rising effectivity and person productiveness.

Evolving The Expertise

In line with Verizon’s most up-to-date Knowledge Breach Investigations Report, 82% of information breaches contain a human aspect, together with using stolen credentials to entry enterprise IT networks, rising the impetus for corporations to construct in the direction of a zero-trust safety posture. Cloud-forward organizations are trying to find JIT entry options that enable them to construct and scale their privilege entry techniques throughout all cloud platforms.

Britive’s platform empowers groups throughout cloud infrastructure, DevOps, and safety capabilities with dynamic and clever privileged entry administration options for multi-cloud environments. Utilizing deep API-based integrations, the corporate’s patent-pending know-how orchestrates permissioning for the trendy enterprise cloud infrastructure and purposes.

The funding from Pelion Enterprise Companions shall be used to assist Britive constantly evolve its know-how and broaden its go-to-market and buyer success capabilities to help its rising portfolio of enterprise shoppers. “With this funding, Britive is well-positioned to constantly evolve our know-how and broaden our go-to-market and buyer success capabilities to help our rising portfolio of enterprise shoppers,” mentioned Artwork Poghosyan, CEO of Britive.

In line with Britive, main cloud platform suppliers would proceed to spend money on the safety of their platforms, however the want for a platform-agnostic privilege administration resolution like Britive will develop as extra enterprises undertake multi-cloud methods to diversify threat and gas enterprise development. “Britive’s cloud-native platform for automating privileged id administration is the kind of industry-changing resolution we’re excited to again,” mentioned Chris Cooper, Basic Companion at Pelion Enterprise Companions.

Britive’s prospects embrace medium to massive companies and Fortune 500 enterprises throughout healthcare, automotive, retail, media & leisure, and different industries. The corporate was based by safety {industry} veterans with a monitor file as profitable entrepreneurs and innovators.

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