StrongDM, US-based platform managing and auditing access to infrastructure, has raised US$ 54 million in a Series B funding round led by Tiger Global Management on 15 September 2021.

Investors: The latest investment round featured Tiger Global Management as the lead investor with participation from True Ventures, Sequoia Capital, HearstLab, GV, Godfrey Sullivan and Bloomberg Beta. The startup has managed to raise more than US$ 75 million, in total, to date.

Purpose of the funding: The startup seeks to deploy the proceeds from the latest funding round towards further expanding its operations and catering to a larger audience.

About strongDM

strongDM Logo

Brought to existence in 2015 by Schuyler Brown, Elizabeth Zalman and Justin McCarthy, strongDM offers safe access to infrastructure controls to enterprises that need it while providing end-users with a product they adore to employ at the same time. strongDM offers enterprises the command and vision with the right speed they require for every space. The firm amalgamates observability, authentication, authorization, and networking in a single interface. It operates with every resource available in the present, past and future while delivering a satisfying customer experience to ultimate customers and administrators. The outcome is that DevOps teams can safely provide infrastructure entry to a large extent while adopting compliance and modern security conditions. The organization offers a reliable solution to many rapid-growing enterprises, including Fortune 500 businesses such as Yext, Peloton, SoFi, Better, and Chime.

What the Founder has to say: “Businesses today are either transforming or have already made advancements in their infrastructure. The intricate nature of present reality necessitates DevOps teams to leverage both access and security. However, businesses have traditionally disregarded the developer experience, which results in the underestimation of security offerings. The new infusion of capital from GV, Tiger Global, and current investors testify our dream to create an accessible infrastructure which is effortless, safe, and versatile.”- Elizabeth Zalman, Co-Founder and CEO of strongDM.

What the Investor has to say: “The cloud has revealed the great inconsistency prevailing in how enterprises deal with and secure their vital backend framework. The PAM and IAM markets ignore the complexities and extent of the challenge and fail to realize its significance in the future. We led the recent funding round in that strongDM has brought an effective solution with consumer-like usability for a shortcoming faced by several enterprises.”- John Curtius, Partner at Tiger Global Management.

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Sankalp majorly focuses on writing newsletters on VCBay. He is pursuing Bachelors in Economics from the University of Delhi and exhibits proficiency in content writing and research.

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