Saturday, April 20, 2024
HomeFunding SGNL Raises Strategic Investment From M12, Microsoft's Venture Fund

[Funding alert] SGNL Raises Strategic Investment From M12, Microsoft’s Venture Fund

Microsoft’s Venture Fund M12 has made a strategic investment in SGNL.ai, the industry’s first Continuous Access Management startup. A $10 million strategic round including funding from Cisco Investments and other firms includes the M12 investment.

Read also – [Funding alert] Resurgens Technology Partners Invests in Valant

With this additional funding, SGNL hopes to support its growing number of corporate client installations, scale up product development, and enhance its skills in continuous access control. It comes just after SGNL’s announcement at Ignite last month about its participation in the Microsoft Security Copilot Partner Program Private Preview and Cisco Investment’s strategic investment the same week.

Read also – [Funding alert] Durin Technologies Secures $3.5 Mn Funding led by Breakthrough Diagnostics

“With the increased frequency of session hijacking and compromised credentials, it is critical for organizations to achieve a zero standing privilege security posture. Complex identity environments require dynamic authorization that is more robust than what has traditionally been available,” said Scott Kriz, CEO of SGNL.ai. “We are inspired by the support of M12, and excited to have them as a strategic partner as we help organizations achieve their security goals through Continuous Access Management.”

Read also – [Funding alert] X-energy Finalizes $235 Million Series C Financing

About SGNL

SGNL was founded in 2021 and is built for organizations, whose access management policies fail to support the dynamism the business requires. Organizations can quickly extend the value of existing identity infrastructure and expand policy granularity with layered business context. Consistently enforce policy across your most valuable systems with centralized, real-time access management that is auditable by default.

Read also – AppsFlyer Acquires oolo to Transform AI-driven Decision-Making For Marketing and Growth

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular