SGNL, a fast-growing identity-first security startup has just secured $30 million in a Series A funding round to accelerate its mission of redefining how businesses protect their most critical assets.
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The round was led by Brightmind Partners, a security-focused firm co-founded by Stephen Ward, former Partner at Insight Partners, Home Depot CISO, and ex-Secret Service cybersecurity leader. Additional participation from Costanoa Ventures, Microsoft’s M12, and Cisco Investments underscore growing confidence in SGNL’s approach. With this latest funding—bringing SGNL’s total raised to $42 million since its founding in 2021—the company is set to expand go-to-market efforts, accelerate product development, and enhance customer support.
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“We provide enterprises with a smart, more flexible way to manage privileged access,” said Scott Kriz, Co-Founder & CEO of SGNL. “Legacy vendors haven’t innovated for more than a decade, and the approaches that served them well in the past simply don’t work today. The current cloud-first, AI era demands a more dynamic, real-time approach—one that eliminates standing access, improves security, and reduces operational burden.”
“As the former CISO of a Fortune 50 company, I saw firsthand how enterprises were investing tens of millions in PAM and IGA systems, expecting stronger security, but instead, these solutions often added complexity and operational overhead without solving the core challenges,” said Stephen Ward of Brightmind Partners. “For what enterprises face today, these traditional approaches are inherently flawed and ripe for disruption.”
SGNL takes an identity-first approach and is rewriting the playbook by eliminating static credentials and automating access decisions in real time. Instead of pre-assigned roles that require constant maintenance, SGNL ensures that employees, contractors, and partners get the right access at the right time—and lose it the moment it’s no longer needed. The result is tighter security, lower operational costs, and dramatically reduced compliance burdens.
Over the past 12 months, SGNL has gained significant traction with multiple Fortune 50 companies and a growing roster of Fortune 500 enterprises. One Fortune 50 company replaced its costly, outdated access management system with SGNL, reducing 30,000 role assignments down to just six policies to manage, while tightening access controls across its global workforce.
“We keep hearing the same frustration from enterprises. Despite companies spending more on PAM and IGA tools, these platforms are becoming more expensive and less effective at securing their environments. Customers tell us they need a solution that actually adapts to their business, not one that adds more overhead and complexity. SGNL is meeting this need with a modern, intelligent approach that makes identity-first security seamless, scalable, and effective,” said Scott Kriz.
About SGNL
Led by industry veterans, SGNL redefines identity-first security by integrating business context, closing critical gaps, and transforming how enterprises manage privileged access for a secure, adaptive future.
