SecurEnds Raises $21 Million in a Series A Funding Round
SecurEnds announces that it had raised $21 million in a Series A round led by Elephant, and the investment follows a 340 percent rise in annual recurring income every year.
FREMONT, CA: SecurEnds, a cloud-native Identity Governance platform based in Atlanta, has announced that it had raised $21 million in a Series A round led by Elephant. The investment follows a 340 percent rise in annual recurring income every year, making it one of the largest A-rounds in Atlanta's expanding cybersecurity and digital startup sector to date. SecurEnds, formerly self-funded by its founders, currently has approximately 100 customers and maintains meaningful technological and reseller partnerships worldwide.
SecurEnds automates user access reviews, entitlement audits, access requests, and segregation of duties for the world's most forward-thinking enterprises. The platform helps firms save time and money on adoption and maintenance while lowering audit expenses by up to 60 percent. The funds will increase operations and product development and expand into underserved regions throughout Europe and Asia to fulfill fast-increasing demand.
"We've built the industrys first fully-cloud-native and configurable Identity Governance platform, empowering organizations to secure identities, protect against data breaches, and meet security and compliance needs," said Tippu Gagguturu, co-founder and CEO of SecurEnds. "The platforms ease-of-use allows organizations to rapidly build identity-driven cyber risk and compliance programs. Were thankful to Elephant for embracing our vision of democratizing Identity and Cloud Governance and look forward to working together as we continue to scale."
"SecurEnds rapid growth over the past two years has been particularly impressive when considering the many challenges brought on by the COVID-19 pandemic and the highly competitive cybersecurity landscape." said Daly. "Both Chris and I believe Identity Governance is becoming more critical to businesses around the world and needs disruption. SecurEnds provides that disruption by delivering an innovative and elegant cloud-native solution that customers love. We are excited for a long and fruitful partnership that helps SecurEnds execute on their vision for the future of Identity Governance."