The Atlanta-based cybersecurity company SecurEnds, which is supported exclusively by Elephant, has already gained almost 340 customers since its first takeover in mid-100, following a year-on-year sales growth of 2019% Hiring Flash to fill over 125 positions in Atlanta and around the world in the next 12 months
Atlanta-based SecurEnds, a cloud-native identity governance company, announced today that it has completed a $ 21 million Series A, led solely by Elephant. The investment - one of the largest A-rounds to date in Atlanta's burgeoning cybersecurity and tech startup ecosystem - comes after an impressive 340% year-over-year increase in annual recurring revenue. Previously bootstrapped by the founders, SecurEnds now has almost 100 customers and has prominent technology and reseller partnerships around the world.
SecurEnds enables the world's most forward-thinking companies to fully automate user access reviews, authorization reviews, access requests, and segregation of duties. The platform helps companies save valuable time in implementation and maintenance while reducing audit costs by up to 60%. To meet rapidly growing demand, the funding will be used primarily to scale operations and product development, as well as geographic expansion into untapped markets in Europe and Asia.
"We have developed the industry's first fully cloud-native and configurable identity governance platform that enables companies to secure identities, protect themselves from data breaches and meet security and compliance requirements," says Tippu Gagguturu, Co-founder and CEO of SecurEnds. “The usability of the platform enables companies to quickly build identity-driven cyber risk and compliance programs. We are grateful to Elephant for supporting our vision of democratizing identity and cloud governance and look forward to working together on further scaling. "
In the next 12 months, SecurEnds plans to nearly triple its workforce and fill more than 125 sales, marketing and product development jobs both in the US and around the world. As part of the transaction, Jeremiah Daly and Christopher De Souza, partners at Elephant, will join the board of directors.
"SecurEnds' rapid growth over the past two years has been particularly impressive considering the many challenges posed by the COVID-19 pandemic and the highly competitive cybersecurity landscape," said Daly. “Both Chris and I believe that identity governance is becoming increasingly important for companies around the world and needs to be disrupted. SecurEnds takes care of this disruption by delivering an innovative and elegant cloud-native solution that customers love. We look forward to a long and fruitful partnership that will help SecurEnds implement its vision for the future of identity governance. "
A new approach to governance for identity, data and the cloud
Companies are accelerating their digital roadmap with their assets now distributed between on-premise and cloud implementations. As part of their security and compliance requirements, there is an increasing demand for a SaaS-based product that is easy to set up and allows them to achieve access certifications such as SOX, HIPAA, PCI-DSS, GDPR and ISO 27001, even during they go through a transformation.
Using AI and ML-based predictive analytics, SecurEnds has developed a versatile product without the limitations of established on-premise solutions, offering a high ROI, a short time-to-value and a lower total cost of ownership than conventional solutions on the market . The cloud-native product suite can be connected directly to existing customer applications such as Active Directory, ServiceNow, Ping, Workday and Okta and enables companies to achieve their desired risk and compliance standards.
“Customers choose SecurEnds because we've simplified identity and cloud governance by creating a product that is focused on the business user,” said Deven Reddy, Co-Founder and COO. "We carefully designed our platform to have intuitive workflows that enable end users without IGA knowledge to achieve compliance and security goals."
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Information on SecurEnds
SecurEnds offers a cloud-based identity governance platform with several modules. Companies can effectively manage Credential Entitlement Management (CEM), Access Certifications, Cloud Infrastructure Entitlement Management (CIEM), Access Requests, Identity Risk & Analytics and Segregation of Duty (SoD). The company is based in Atlanta and is supported by Elephant.
Information on Elephant
Elephant is a venture capital company focused on the enterprise software, consumer internet and mobile markets. To learn more about Elephant, please visit our website: https://elephantvc.com/.
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Original content by: SecurEnds, transmitted by news aktuell