# Strata Identity

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

- Industry: IT Security/Cybersecurity
- Headquarters: Boulder, US
- Website: www.strata.io
- Total disclosed funding: $37M
- Latest round: Series B (Jun 22, 2022)
- Investors on record: 4

## About

Strata Identity, Inc. is a US-based company specializing in identity management software, aimed at simplifying access across multi-identity provider environments and enhancing security for businesses.Founded in 2019 and headquartered in Boulder, US, Strata Identity, Inc. focuses on providing advanced identity management solutions. Founders Eric Olden and Topher Marie have backgrounds in technology and entrepreneurship, although specific previous company affiliations are not detailed. The firm has raised a total of USD 26.37 mn through three funding deals, the latest being a Series B round on June 22, 2022, led by Titanium Ventures with investors such as Forgepoint Capital and Menlo Ventures participating. Currently, the company holds a valuation of USD 161.793 mn.Strata Identity, Inc. specializes in identity management software designed to unify access across multi-identity provider (IDP) environments. Their core offerings include the Maverics Platform, facilitating the creation of a custom identity fabric, and solutions like Identity Orchestration and Identity Continuity. These products integrate various IAM architectures, allowing organizations to modernize applications that depend on legacy authentication methods while enhancing security and resilience. Strata's clientele spans sectors such as financial services, retail, and manufacturing, with products marketed in North America, Europe, and Asia-Pacific.Strata Identity, Inc. generates revenue primarily through subscription services for its identity management software solutions. Clients access the Maverics Platform and associated tools through annual or multi-year licensing agreements. The company's transaction structure includes enterprise customers paying for tiered service levels, addressing the needs of both small businesses and large corporations, while ensuring scalability of services.In June 2022, Strata Identity, Inc. raised USD 26.37 mn in Series B funding, aimed at supporting its expansion and product development initiatives. The company plans to enhance its product offerings and explore new markets in North America, Europe, and Asia-Pacific by 2023. Recent funding will facilitate the launch of innovative solutions within the identity management sector, reinforcing Strata's commitment to evolving its technology in response to diverse organizational needs.

## Funding rounds

- Series B, Jun 22, 2022, $26M — Menlo Ventures, Titanium Ventures, Forgepoint, Innovating Capital
- Series A, Feb 16, 2021, $11M — Menlo Ventures, Forgepoint

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series A, Series B
- Forgepoint (https://capitalatlas.ai/funds/forgepoint) — Series A, Series B
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series B
- Innovating Capital (https://capitalatlas.ai/funds/innovating-capital) — Series B