A change brought about by cloud management
Administrators are shifting towards tools to identify and authenticate users in cloud programmes. Investors venture capital firms have spotted this trend and are investing in companies that manage their access to the data stored by services such as Salesforce or
According to data from CbinsightIn the last four quarters, companies providing cloud-based identity services and access management solutions have received $170M in 24 transactions. Most of this funding has gone to big, mature players such as Oktawhich raised $27M Series D from investors that included Sequoia Capital y Greylock Partnersand also the rumoured IPO candidate Ping Identitywhich achieved $44M in July.
Increase in volume and number of operations
"The increase in volume has been driven by the large sales transactions that have taken place, but what is most important is that the venture capital is has continued to invest in seed-stage companies, thus maintaining the expectation that there are still many innovations to be offered" analyses Diego Gutierrez of Abra Invest.
While mature rounds are driving the increase in volume invested in the "identity and access" sector, in the last 8 quarters, more than half of the deals have been in seed or early stage companies. Also 1/3 of the deals in growth stages highlighting ForgeRock, backed by the capital of Accel and Foundation, which recently entered into a partnership to help launch a new identity management service at Salesforce.com.