LoginRadius announces $17M Series A following rapid growth after Accelerate Fund startup financing
LoginRadius, provider of cloud-based Customer Identity and Access Management (cIAM) solutions, launched in 2012 and raised $1.3M in angel funding from Accelerate Fund, BDC Capital, others in 2014 to further their growth. Today, the company announced a $17M Series A Funding led by ForgePoint Capital and Microsoft’s venture fund, M12. The funds will be used to accelerate product innovation, customer acquisition, and global expansion.
LoginRadius has earned recognition as a leading provider of cIAM by Gartner, Forrester, Kuppingercole, and Computer Weekly. With triple digit annual growth for the past two years, the company has grown to support global offices in Vancouver, London, San Francisco, Sydney, and Jaipur, with plans to more than double its workforce in the next 12 months. LoginRadius’ platform helps companies to securely manage customer identities, deliver a unified digital experience, and comply with all major privacy regulations such as GDPR. Hosted in a highly secure environment to protect consumer data and prevent exposure to data breaches, the platform also provides end-to-end encryption in transit and at rest, multi-factor authentication, threat detection, and fraud prevention technologies.