SGNL, a Palo Alto, CA-based identity-first security startup, raised $30M in Series A funding.
The round, which brought the total amount to $42M, was led by Brightmind Partners with participation from Costanoa Ventures, Microsoft’s M12, and Cisco Investments.
The company intends to use the funds for:
- Talent acquisition: expanding the team with go-to-market and product talent.
- Open standards and partnerships: strengthening commitment to open security frameworks and customer-focused integrations.
- Market Expansion: growing its market presence across industries and driving adoption among Fortune 500 enterprises.
Led by CEO Scott Kriz, SGNL is a privileged identity management company improving identity security for the enterprise with its identity data fabric. It empowers organizations to reduce risk, streamline operations, and scale securely. 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.
Over the past 12 months, the company has gained traction with multiple Fortune 50 companies and a growing roster of Fortune 500 enterprises.
FinSMEs
13/02/2025