What is PlainID?
PlainID positions itself as the Authorization Company, dedicated to simplifying and enhancing how organizations manage their authorization capabilities. Founded in 2014 by seasoned security technologists, the company addresses the complexities businesses face when scaling their IAM infrastructure. PlainID's innovative solutions, including its Policy Manager and Partner Manager product lines, consolidate enterprise authorizations into a single, manageable viewpoint, making authorization processes more transparent and controllable for business owners. The company's focus on providing a clear and simple authorization framework is key to its value proposition in the enterprise security market.
How much funding has PlainID raised?
PlainID has raised a total of $97M across 3 funding rounds:
Series A
$11M
Unspecified
$11M
Series C
$75M
Series A (2019): $11M with participation from Springtide Ventures, Capri Ventures, Viola Group, and iAngels
Unspecified (2020): $11M led by INCapital Ventures, iAngels, Springtide Ventures, Vintage Investment Partners, Capri Ventures, and Viola Group
Series C (2021): $75M supported by Insight Partners
Key Investors in PlainID
Insight Partners
Insight Partners is a global venture capital and private equity firm specializing in high-growth technology and software companies. Their GO platform supports portfolio companies in scaling and fostering connections within their ecosystem.
iAngels
iAngels is an Israeli-based investment platform that connects startups with accredited investors, focusing on venture capital and private equity. They are known for supporting technology companies in their growth stages.
Viola Group
Viola Group is a leading Israeli technology investment firm managing significant assets, with a multi-strategy approach supporting entrepreneurs across various stages. They have a strong focus on technology and FinTech sectors.
What's next for PlainID?
The recent major strategic investment signals PlainID's transition into a significant growth phase, likely focused on expanding its market reach, enhancing its technological offerings, and potentially exploring new enterprise partnerships. With substantial backing, the company is well-positioned to further solidify its leadership in the authorization solutions space. Future developments may include advancements in policy management, broader integration capabilities, and scaling its operations to meet the increasing global demand for robust and simplified IAM solutions. This capital infusion is expected to accelerate PlainID's mission to make authorization plain and simple for businesses worldwide.
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