OneLogin, a San Francisco, CA-based provider of a Unified Access Management Solution has now secured a $100 Million in the growth fund round.
The round was led by the new investors Greenspring Associates and the Silver Lake Waterman, with the collaboration from some of the existing investors as the Scale Venture partners and CRV.
The company till today's date has received a total of more than $170 Million in the funding round, will now be going to use the capital to accelerate the adoption of its new products such as the Multi-Factor Authentication, and to increase its European and North American presence.
OneLogin which is led by Brad Brooks provides a unified Access Management platform with even connects the people with the devices, app, and data that drive productivity and facilitate collaboration with a secure login. The company also serves as a business and partners across the multiple sectors of the industries, with more than 2500 customers across the globe which even includes the Bay Area Rapid Transit(BART), Broward College and Compass.
OneLogin has around 250 employees across the globe and recently has also opened a new growth center at the Atlanta Tech park and also with a development Center in Seattle.
Brad Brooks, CEO of OneLogin, said in a statement: “As of now, as every business needs some of the Unified Access Management, and our solution is mission critical for all of our customers across both the hybrid and cloud and environments. Our relentless mainly works on customer service which is paired with this significant capital infusion supports OneLogin’s ongoing growth and investment.”
John Avirett, General Partner at Greenspring Associates, said in a statement: “We’re at an inflection point for the utmost of the growth as all enterprises are as of now are faced with the challenge of managing access across both the SaaS and on-premise environments, as well as various devices and networks on the cloud infrastructure.”
Apart from just having its large cash hoard, OneLogin is as of now not in any type of hurry to go into the public sector, Brooks said. “The great thing about the investors we have is that they we are as of now willing to back my plan,” which is to as of now “get our technology into as many customer hands as possible,” Brooks said. Competitor Okta has also secured more than $229 million before launching of its IPO.