# Beyond Identity

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beyond-identity

- Industry: IT Security/Cybersecurity
- Headquarters: New York, US
- Website: www.beyondidentity.com
- Total disclosed funding: $206M
- Latest round: Series C (Feb 11, 2022)
- Investors on record: 6

## About

Beyond Identity, Inc. specializes in identity and access management solutions, offering advanced security features to protect users and devices from identity-related threats, ensuring secure access to sensitive resources.Founded in 2020 in New York, US, Beyond Identity, Inc. is dedicated to providing an identity and access management platform. The company has completed three funding deals, with its most recent funding round being a Series C in February 2022. This round raised USD 100.3 mn, led by Evolution Equity Partners, and included participation from other notable investors. The company's founders include Jim Clark, Nelson Melo, and Thomas Jermoluk, with Jasson Casey serving as CEO. The total amount raised by the firm to date is USD 100.3 mn, and its current valuation is USD 1,026.18 mn.Beyond Identity offers a comprehensive identity and access management (IAM) platform designed to mitigate identity and device-related threats through its unique solutions, including prMFA (posture-based Multi-Factor Authentication) and secure Single Sign-On (SSO). The platform employs advanced features such as device-bound passkeys and posture visibility to assess risk signals, enabling real-time access decisions that ensure that only trusted users and secure devices can access sensitive resources. This solution addresses critical use cases such as eliminating phishing attacks and preventing multi-factor authentication (MFA) bypass attempts, making it particularly relevant for a wide range of industries that require robust security measures. Beyond Identity serves a diverse client base, including enterprises across technology, finance, and healthcare sectors, with products currently deployed in North America and Europe.Beyond Identity generates revenue through subscription-based models, providing its clients with access to its core products and services. Clients typically engage in annual or multi-year subscription agreements that include access to the prMFA and SSO solutions, along with ongoing support and updates. The pricing structure is tiered to accommodate various business sizes and security needs, ensuring that organizations can select a plan that aligns with their specific requirements. These transactions are primarily B2B, with enterprises leveraging Beyond Identity's offerings to enhance their security posture and streamline user access to applications and data. Overall, the revenue model is designed to foster long-term partnerships with clients by delivering continuous value and addressing evolving security challenges.In February 2022, Beyond Identity, Inc. raised USD 100.3 mn in Series C funding led by Evolution Equity Partners, with participation from Expanding Capital, Harris Barton Asset Management, and Potentum Partners, as well as returning investor New Enterprise Associates. The company will utilize this funding to extend its footprint in the Asia Pacific and Latin America while advancing its research and development efforts. Beyond Identity aims to launch new products to enhance its platform and meet the evolving demands of its clientele.

## Funding rounds

- Series C, Feb 11, 2022, $100M — New Enterprise Associates, Harris Barton Asset Management, Evolution Equity Partners, Expanding Capital, Potentum Partners
- Series B, Dec 8, 2020, $75M — New Enterprise Associates, Koch Disruptive Technologies
- Series A, Apr 8, 2020, $30M — New Enterprise Associates, Koch Disruptive Technologies

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C
- Koch Disruptive Technologies (https://capitalatlas.ai/funds/koch-disruptive-technologies) — Series A, Series B
- Harris Barton Asset Management (https://capitalatlas.ai/funds/harris-barton-asset-management) — Series C
- Evolution Equity Partners (https://capitalatlas.ai/funds/evolution-equity-partners) — Series C
- Expanding Capital (https://capitalatlas.ai/funds/expanding-capital) — Series C
- Potentum Partners (https://capitalatlas.ai/funds/potentum-partners) — Series C