Britive, a Los Angeles, CA-based cloud identity security platform, announced that it received $20.5 million in Series B funding.
The round was led by Pelion Venture Partners, with participation from Liberty Global Ventures and insiders Crosslink Capital and One Way Ventures.
This funding will be used to support surging customer growth and soaring interest in the company's dynamic and intelligent privileged access management platform.
"We are thrilled about securing a Series B round of funding with our new investors Pelion and Liberty Global as well as our insiders. This funding is a testament to our platform's success in meeting the cloud security needs of Fortune 500 companies and medium to large enterprises alike," said Art Poghosyan, CEO of Britive. "With this investment, Britive is well positioned to continuously evolve our technology and expand our go-to-market and customer success capabilities to support our growing portfolio of enterprise clients."
Company: Britive, Inc.
Raised: $20.5
Round: Series B
Funding Month: March 2023
Lead Investors: Pelion Venture Partners
Additional Investors: Liberty Global Ventures and insiders Crosslink Capital and One Way Ventures
Company Website: https://www.britive.com/
Software Category: Privileged Access Management (PAM) Software
About the Company: Britive is a cloud-native security solution built for the most demanding cloud-forward enterprises. The Britive platform empowers teams across cloud infrastructure, DevOps, and security functions with dynamic and intelligent privileged access administration solutions for multi-cloud environments. Using deep API-based integrations, our patent-pending technology orchestrates permissions for the modern enterprise cloud infrastructure and applications. The Britive platform helps organizations implement cloud security best practices like Just-In-Time (JIT) access and zero-standing privileges (ZSP) to prevent security breaches and operational disruptions while increasing efficiency and user productivity. Customers include medium-to-large businesses and Fortune 500 enterprises across healthcare, automotive, retail, media & entertainment, and other industries.
Source: https://www.britive.com/blog/britive-receives-20-5m-series-b-funding-to-support-surging-customer-growth/