BOULDER, CO, Strata, a distributed multi-cloud identity orchestration company, has closed a $26M Series B round of financing led by Telstra Ventures.
Strata, a distributed multi-cloud identity orchestration company, announced it has closed a $26M Series B round of financing led by Telstra Ventures with participation from existing investors Menlo Ventures, Forgepoint Capital and Innovating Capital. Strata has raised more than $42M in financing to date.
Strata is pioneering the concept of identity orchestration for distributed, multi-cloud identity. The Strata Identity Fabric enables enterprises to seamlessly unify on-premises and cloud-based authentication and access systems for consistent identity management in multi-cloud environments. Strata's distributed approach to identity enables organizations to break decades-old lock-in that has prevented a broader transition of enterprise workloads to public cloud infrastructures. The company's founders co-authored the SAML open standard for identity interoperability, created the first cloud identity services, delivered the first open-source identity products, and are now building the first distributed identity platform.
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