What is Beyond Identity?
Beyond Identity is a cybersecurity firm focused on eliminating passwords to enhance enterprise security and user experience. Their platform provides passwordless authentication, significantly reducing the risk of account takeovers and streamlining access for users. By removing the human element of password management, Beyond Identity addresses a critical vulnerability in modern digital infrastructure, offering a more secure and user-friendly alternative to traditional authentication methods.
How much funding has Beyond Identity raised?
Beyond Identity has raised a total of $205M across 3 funding rounds:
Series A
$30M
Series B
$75M
Series C
$100M
Series A (2020): $30M with participation from New Enterprise Associates and Koch
Series B (2020): $75M led by Koch, Jim Clark, and New Enterprise Associates
Series C (2022): $100M supported by Evolution Equity Partners
Key Investors in Beyond Identity
Evolution Equity Partners
Evolution Equity Partners is an international venture capital firm that specializes in cybersecurity investments, partnering with visionary entrepreneurs to build market-leading companies. The firm is led by experienced technology entrepreneurs who provide extensive expertise in operating, technical, product development, and go-to-market strategies.
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California. New Enterprise Associates(NEA) is a venture capital firm focused on helping entrepreneurs build businesses.
Koch
Koch Industries owns a diverse group of companies involved in refining, chemicals, and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control systems; electronics, software, and data analytics; minerals; glass; automotive components; ranching; commodity trading; and investments. Koch is headquartered in Wichita, Kansas.
What's next for Beyond Identity?
With its recent major strategic investment, Beyond Identity is poised for accelerated growth and further development of its passwordless authentication solutions. The substantial enterprise-level funding suggests a strategic focus on scaling operations, expanding market reach, and potentially enhancing its technology stack to maintain a competitive edge in the rapidly evolving cybersecurity landscape. This capital will likely fuel further innovation in identity and access management, solidifying its position as a leader in password elimination.
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