SPHERE Technology Solutions

Founded in 2009 and headquartered in Newark, US, SPHERE Technology Solutions offers identity management solutions.SPHERE specializes in identity management solutions, with its flagship product being the SPHEREboard platform. This platform is designed to enhance Identity Hygiene by providing organizations with tools to efficiently manage account, data, and Active Directory (AD) issues. SPHEREboard offers real-time visibility, ownership mapping, automated remediation, and enforcement of access policies across multiple environments, including AD, Privileged Access Management (PAM), and unstructured data. The solution is tailored for organizations seeking to reduce risks associated with excessive access, orphaned accounts, and misaligned permissions, thus safeguarding critical assets and ensuring compliance.SPHERE generates revenue primarily through subscription-based services associated with its SPHEREboard platform and related offerings. Clients typically engage in annual contracts that provide access to the platform’s capabilities, along with ongoing support and managed services. The structure of transactions often follows a Business-to-Business (B2B) model, where organizations subscribe to SPHEREboard for comprehensive identity management solutions tailored to their specific needs. Revenue also stems from partnerships with technology providers, enhancing the capabilities of the SPHEREboard platform through integrations.In November 2022, SPHERE Technology Solutions, Inc. Future initiatives may focus on developing new products within the identity management space and expanding into additional geographic markets, specifically targeting regions in Europe and Asia-Pacific by late 2023.

1. Series B

   Nov 30, 2022

   Amount

   $31M

   Investors

   Locked

2. Series A

   Feb 18, 2021

   Amount

   $10M

   Investors

   Locked