OneLogin, a provider of Unified Access Management, is closing $100 million in growth financing which will be used to accelerate the growth of new products and innovations.
“Every business needs Unified Access Management, and our solution is mission critical for all of our customers across both cloud and hybrid cloud environments. Our relentless focus on customer service coupled with this significant capital infusion supports OneLogin’s ongoing growth and investment,” said Brad Brooks, CEO of OneLogin.
The financing was led by new investors Greenspring Associates and Silver Lake Waterman, Silver Lake’s late-stage growth capital fund. The round also includes existing investors CRV and Scale Venture Partners. OneLogin has received a total of more than $170 million in funding to date.
OneLogin will use the capital to accelerate adoption of its new products, such as Multi-Factor Authentication (MFA), and to serve enterprises in the new Unified Access Management (UAM) category.
Unified Access Management enables a cohesive approach to managing access for both SaaS and on-premise application environments, as well as extending Access Management to networks and devices using cloud infrastructure. The funds will also be used to increase OneLogin’s North American and European footprints.
More than 2,500 enterprises globally secure their applications with OneLogin. OneLogin’s Unified Access Management Platform allows companies of any size to manage access for on-premise and cloud applications with a single solution.
OneLogin has approximately 250 employees globally and recently opened a new growth center at the Atlanta Tech Park and a development center in Seattle. The company plans to build out its teams across many levels and disciplines and further expand in North America and Europe.
For more information about this news, visit www.onelogin.com.