# Remediant

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

- Industry: IT Security/Cybersecurity
- Headquarters: San Francisco, US
- Website: http://www.remediant.com
- Total disclosed funding: $9.1M
- Latest round: Series A (Jun 4, 2019)
- Investors on record: 2

## About

Remediant Inc. is a US-based provider of advanced Privileged Access Management (PAM) solutions, focusing on securing and managing privileged accounts to enhance organizational security and compliance.Founded in 2013 in San Francisco, US, Remediant Inc. specializes in digital security solutions focused on privileged account management. The company was recently acquired by Netwrix Corporation on December 27, 2022, further expanding its product offerings. The founding team includes Paul Lanzi and Timothy Keeler, with Timothy Keeler currently serving as CEO. The company has raised USD 9.11 mn in total funding, all from its latest funding round, Series A, involving Dell Technologies Capital and Forgepoint Capital, bringing its current valuation to USD 65.27 mn.Remediant, now integrated into Netwrix, primarily offers advanced Privileged Access Management (PAM) solutions designed to secure and manage privileged accounts and access permissions. Their flagship product, Netwrix Privilege Secure, encompasses comprehensive security features that enable organizations to discover, manage, and monitor privileged accounts across diverse environments. This solution addresses critical use cases such as preventing unauthorized access, ensuring compliance with regulatory requirements, and mitigating the risk of data breaches. Targeted towards a wide range of industries, Remediant serves clients from sectors including finance, healthcare, and technology, with a global footprint that spans North America, Europe, and Asia-Pacific. The end users typically include IT security professionals and compliance officers who require robust tools to safeguard sensitive information and streamline operational efficiencies.Remediant generates revenue through a subscription-based model that aligns with modern software delivery practices, focusing on recurring income streams. Clients typically engage with the company through direct sales, entering into agreements for annual subscriptions to access the Netwrix Privilege Secure platform and associated services. The structure allows for tiered pricing plans based on the number of users or features required, creating a scalable solution for organizations of varying sizes. The flagship Netwrix Privilege Secure product is a key driver of revenue, as its deployment enables clients to enhance their security posture while simplifying the management of privileged accounts. Partnerships with resellers further extend the company's market reach, solidifying its presence in the competitive PAM landscape.The acquisition by Netwrix Corporation is expected to enhance Remediant's product portfolio and support the development of its security infrastructure. Remediant plans to leverage its recent funding from the Series A round to expand its offerings and enhance its market presence. Specific details on upcoming products or geographic expansion have not been disclosed, but the focus remains on solidifying its standing in the PAM landscape.

## Funding rounds

- Series A, Jun 4, 2019, $9.1M — Forgepoint, Dell Technologies Capital

## Investors

- Forgepoint (https://capitalatlas.ai/funds/forgepoint) — Series A
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series A