Investors Place USD 31 Million on Sphere’s Identity Hygiene Technology

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Technology
Investors-Place-USD-31-Million-on-Sphere's-Identity-Hygiene-Technology

Sphere Technology Solutions, a New Jersey startup developing identity management and sensitive data access technology, has received an additional USD 31 million from venture capitalists.

The USD 31 million Series B was led by growth equity firm Edison Partners, according to Sphere, a woman-owned business run by Rita Gurevich. The venture capital firm that oversaw Sphere’s Series A, Forgepoint Capital, contributed to the latest round as well. Security teams use Sphere to manage and clean up excessive and pointless access to data by combining technology and services.

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In order to enhance data governance, security, and compliance across data, platforms, and applications, the company’s flagship software, Sphereboard, is used.

Read More: Investors Bet $31 Million on Sphere for Identity Hygiene Tech