SGNL.ai, a Palo Alto, CA-based continuous access and authorization management company, has secured funding.
The investment was from Cisco Investments, joining existing investors such as Costanoa Ventures, Fika Ventures, Moonshots Capital, and Resolute Ventures.
Founded in 1993, Cisco Investments is a corporate venture arm of Cisco Systems based in San Jose, California. The firm seeks to make investments in early-stage companies operating in the data center, internet of things, enterprise networking, security, big data, information technology, security, infrastructure, silicon & optics, cloud, and analytics sectors.
SGNL.ai Use of Funds
The company will use the funds to expand its continuous access management capabilities.
Founded in 2021 by Scott Kriz and Erik Gustavson, SGNL is built for organizations whose access management policies fail to support the dynamism business requires. SGNL's platform focuses on continuous access management, leveraging the continuous access evaluation protocol (CAEP) to achieve a zero-standing privilege (ZSP) security posture. The platform continuously and contextually evaluates user access, authorizing access only when necessary, reducing the risk of data breaches and security incidents. SGNL has deployed its platform for customers as a SaaS solution and in Azure and AWS VPCs globally.
Company: SGNL.ai, Inc.
Funding Month: November 2023
Lead Investors: Cisco Investments
Company Website: https://sgnl.ai/
Software Category: Continuous Access and Authorization Management