Home Breaking News UK based BeyondID secures USD 9 Million

UK based BeyondID secures USD 9 Million

California based BeyondID, a cloud identity consulting firm raised USD 9 Million on 8th February in a Series A funding round led by Tercera. Tercera, a VC firm, began earlier this month with an aim of investing in service start-ups.

Investors: BeyondID capitalized USD 9 Million funds in series A funding round led by Tercera.

What the funding is for: The fresh funding acquired would be utilized to develop their managing system and improvise their user interface structure. According to reports the company is also aiming to expand their reach all over the globe. 

Founder of the company: Arun Shrestha, Charles Fortune and Sasi Kelam

Primary Objective of the company: The main aim of the organization is to provide their clients develop agile, secure and future proof business. 

Founded date: 2017

About the company: BeyondID is a privately held organization which operates under the information technology and services industry. Its headquarters is established in San Francisco, California and has a work strength of around 51-200 employees. They deal with various specialties like API management, consulting, implementation and google cloud. The organization provides consulting, managed services and implementation for identity management. 

What the CEO has to say: “We believe we are becoming a managed identity service provider, so managing anything identity, anything related to cybersecurity. We are helping these companies by being a one stop shop for companies acquiring, managing and deploying identity services”. Said Arun Shrestha, Co-founder of BeyondID. 

“Diversity is absolutely critical to long term sustainable success and its success and it’s also the right thing to do. Building an association which promotes people and women is the key goal of the organization and something they are committed to”. Said Sasi Kelam, Co-founder of BeyondID. 

What the investors have to say: “BeyondID is a rapidly growing space and has an impressive customer list which represents nearly every industry. Arun and the leadership team have a strong vision for the team, deep ties into Okta, and they are incredibly passionate about what they do”. General manager at Tercera. 

“We chose BeyondID as the firm’s first investment because we believe identity is central to the notion of digital transformation. As more companies move to the cloud, they need help understanding how identity and security work differently in a cloud context and he sees BeyondID playing a critical role in supporting clients getting there”. Said Chris Barbin, Founder of Tercera. 

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