Strivacity, a startup based in Virginia that develops technology to simplify and secure customer logins, has secured USD 20 million in venture capital funding to fuel global expansion plans.
Strivacity has raised a total of USD 28 million; the additional USD 20 million, referred to as a Series A2 investment, gives the company more room to compete in the lucrative customer identity and access management (CIAM) market. Venture capital firm SignalFire, based in San Francisco, took the lead in the latest funding round.
The business claimed to have received investments from Kevin Mandia and Jack Huffard, two well-known security executives, as well as Ten Eleven Ventures.
Read More: Strivacity Scores $20M for CIAM Expansion Plans
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