Strivacity, a Virginia startup working on technology to simplify and secure customer logins, recently received a $20 million venture capital investment. This Series A2 funding is part of a total of $28 million raised by the company and brings them closer to competing in the profitable customer identity and access management (CIAM) category.
The investment was led by San Francisco-based venture capital firm SignalFire, with additional investments from Ten Eleven Ventures and prominent security executives Kevin Mandia and Jack Huffard. Strivacity launched in 2019 with plans to revolutionize the cloud-based CIAM market.
Their technology provides customers with secure, simple, and speedy sign-in journeys. It allows brands to add secure log-in and identity management capabilities to their customer-facing applications without the need for developers or consultants. Strivacity’s low-code customer identity and access management also eliminates the need for custom coding.
The product includes tools for registration and self-service, such as sign-ups, password resets, and account updates, as well as sign-in and authentication, identity verification, privacy and consent, and fraud detection. It can stop account takeover attacks, give businesses control over branding and customer experience, and remove software engineering burdens.
In conclusion, Strivacity is a Virginia-based startup that has attracted $20 million in venture capital funding to fuel global expansion plans. This investment is part of a total of $28 million raised by the company and will help them compete in the profitable customer identity and access management (CIAM) category. The technology offered by Strivacity provides customers with secure, simple, and speedy sign-in journeys and eliminates the need for custom coding.
Key Points:
- Strivacity, a Virginia startup working on technology to simplify and secure customer logins, has attracted $20 million in venture capital funding.
- The investment was led by San Francisco-based venture capital firm SignalFire, with additional investments from Ten Eleven Ventures and prominent security executives Kevin Mandia and Jack Huffard.
- Strivacity’s technology provides customers with secure, simple, and speedy sign-in journeys and eliminates the need for custom coding.
- The product includes tools for registration and self-service, such as sign-ups, password resets, and account updates, as well as sign-in and authentication, identity verification, privacy and consent, and fraud detection.
- The technology promises capabilities to stop account takeover attacks, give businesses control over branding and customer experience, and the removal of software engineering burdens.