SGNL Scores $30M to Zap Static Credentials and Zap Security Woes!
SGNL, an identity management startup, has raised $30 million in Series A funding to revolutionize identity-first security. By eliminating static credentials and automating access, they promise to make security as smooth as a well-rehearsed dance move. With backers like Microsoft and Cisco, SGNL is ready to boogie into new markets.
Hot Take:
Who knew that a startup could be this identity-focused without needing a therapist? SGNL is out here getting $30 million richer, proving that knowing who you are—and who has access to your stuff—is a pretty lucrative business. With more cash than a Monopoly banker and a purpose clearer than a freshly cleaned window, SGNL is ready to make identity management as exciting as a James Bond movie. Just without the explosions. Or the tuxedos. But hey, who needs those when you’ve got real-time access decisions?
Key Points:
- SGNL raised $30 million in Series A funding, bringing its total to $42 million.
- Investment led by Brightmind Partners, with support from Costanoa Ventures, Microsoft’s M12, and Cisco Investments.
- The startup offers an identity-first security solution that provides real-time automated access decisions.
- SGNL’s system is used by multiple Fortune 50 and numerous Fortune 500 companies.
- The funds will be used to expand market presence and product teams, and to reinforce open security frameworks.