# Bitium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitium

- Industry: Software
- Headquarters: Santa Monica, US
- Website: www.bitium.com
- Total disclosed funding: $8.9M
- Latest round: Series A (Feb 26, 2014)
- Investors on record: 7

## About

Bitium, Inc. specializes in cloud identity management, providing a comprehensive platform for secure access, application management, and endpoint management to streamline IT operations for organizations.Founded in 2012, Bitium, Inc. is based in Santa Monica, US, and focuses on cloud identity solutions. The company was acquired by Google Inc. in September 2017, although the financial terms of the transaction were not disclosed. The founder's specific history is not detailed, and Bitium has participated in a total of 6 funding deals, with the latest round being a USD 6.000 mn investment. Investors in this recent round included Moonshots Capital and Polaris Partners, culminating in a total amount raised of USD 6.000 mn.Bitium, Inc. offers a cloud identity management platform that provides a unified solution for identity, access, application, and endpoint management. Their core products include multi-factor authentication (MFA), single sign-on (SSO), and endpoint management, which help businesses manage user access to various applications and devices securely. Their offerings are utilized by clients across industries like finance, healthcare, and education, with implementations in North America, Europe, and Asia-Pacific.Bitium, Inc. generates revenue primarily through subscription-based pricing for their services. Their standard offering is priced at USD 7.20 per month per user, which includes essential features such as MFA, SSO, and endpoint management. This transactional model ensures a steady revenue stream as organizations subscribe to their identity management solutions, particularly IT departments seeking robust security measures.Following its acquisition by Google Inc. in September 2017, Bitium, Inc. aims to enhance its product offerings through new product designs and launches, although specific upcoming products and release dates have not been disclosed. The company intends to expand its market presence, targeting additional geographic regions for growth, but specific markets have not been identified at this time. The funding received will support these initiatives, aiming to leverage Google’s extensive resources and network to solidify its position in the cloud identity space.

## Funding rounds

- Series A, Feb 26, 2014, $6.5M — Polaris Partners, Social Leverage Capital, Resolute Ventures, Amplify, Double M Partners, Karlin Ventures
- Seed, Apr 17, 2013, $2.4M — Social Leverage Capital, Double M Partners, Karlin Ventures
- Seed, Aug 1, 2012 — Acequia Capital

## Investors

- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed
- Social Leverage Capital (https://capitalatlas.ai/funds/social-leverage-capital) — Seed, Series A
- Double M Partners — Seed, Series A
- Karlin Ventures (https://capitalatlas.ai/funds/karlin-ventures) — Seed, Series A
- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series A
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Series A
- Amplify (https://capitalatlas.ai/funds/amplify) — Series A