User:Lamona/sandbox/StrongDM (Company)
| Industry | Software |
|---|---|
| Founders | Schuyler Brown, Elizabeth Zalman, Justin McCarthy |
| Headquarters | 20 Park Road Suite J [1], , US |
Key people |
|
| Products | Privileged Access Manager |
Number of employees | 100+ |
| Website | strongdm |
strongDM is a company that provides a privileged access manager of the same name.[2][3][4]
History[edit]
strongDM was founded in 2015 by strongDM Elizabeth Zalman, Justin McCarthy, and Schuyler Brown. The company was one of the first female led startups backed by Hearst's initiative to invest in women led startups.[5] The company received an early investment of $250,000 from HearstLabs.[6]
Elizabeth Zalman continued as CEO[7] until 2021 when Tim Prendergast was appointed new CEO. [8][9]
On January 3rd, 2023, the company was granted two patents for:
- USA Granted 11546763, Carlos Ulderico Cirello Filho (Burlingame, CA), Justin Allan McCarthy (Redwood City, CA), Britt Vandermast Crawford (Bend, OR), "Managing and monitoring infrastructure access in networked environments", issued Jan 3, 2023[10][11]
- USA Granted 11546323, William Craig Jones, Justin Allan McCarthy, Patrick David Stephen, Evan Michael Todd, "Credential management for distributed services", issued Jan 3, 2023[12][13]
Software[edit]
strongDM's primary product, also called strongDM,
In 2018 strongDM released free open source software called Comply which allows small organizations to implement SOC 2 in an open source environment. Organizations can download a pre-authored library of 24 policies which can be edited and tracked in Github. [14][15][16]
Funding Rounds[edit]
As of Jan 7th, 2023 strongDM has raised over $76,000,000 in venture funds from investors including Bloomberg Beta, Sequoia Capital, Tiger Global and Google Ventures.[17] Billionaire investor and Sequoia Capital's Global Managing Partner, Douglas Leone, joined the board as part of the Sequoia Capital led $17M Series A financing round.[4][18] As a female led Silicon Valley startup under former CEO Elizabeth Zalman, the company raised over $76M in venture capital.
| Year | Round | Amount (USD) | Investors |
|---|---|---|---|
| 2015 | Seed | $800,000 | Bloomberg Beta, Data Collective, SocialStarts [19] |
| 2016 | Seed II | $3,000,000 | True Ventures, Bloomberg Beta, Laconia Capital Group, Social Starts [20] |
| 2020 | Series A | $17,000,000 | Sequoia Capital [21] |
| 2021 | Series B | $54,000,000[22] | Tiger Global, Google Ventures, Sequoia Capital[23], True Ventures, HearstLab[6], Bloomberg Beta [24][25] |
Competitors[edit]
Competitors in the field are Teleport and Perimeter 81.[26][27]
References[edit]
- ^ "StrongDM". Dun & Bradstreet. Hoovers. Retrieved 7 January 2023.
- ^ Sharma, Lakshman (2022-07-28). "Best Privileged Access Management (PAM) Solutions in 2023". Geekflare. Retrieved 2023-01-07.
- ^ "The 3 Security Trends Impacting Engineering Workflows". Software Engineering Daily. 2021-12-11. Retrieved 2023-01-10.
- ^ a b Bosilkovski, Igor. "Why Sequoia Just Led A $17 Million Series A In This Access Management Software Startup". Forbes. Retrieved 2023-01-06.
- ^ https://fortune.com/2021/09/15/the-rise-of-the-worlds-most-valuable-female-led-startup/
- ^ a b Kelly, Keith J. (2016-06-22). "Hearst is looking to spend money on women-led startups". NYPost.com. Retrieved 2023-01-09.
- ^ Cai, Kenrick. "The Cloud 100 Rising Stars 2020: Cloud Computing's Next Wave, From Resilia To Roam Research". Forbes. Retrieved 2023-01-09.
- ^ "strongDM has a new CEO". discover.strongdm.com. Retrieved 2023-01-09.
- ^ Magazine, Authority (2022-09-14). "Tim Prendergast Of strongDM: 5 Things I Wish Someone Told Me Before I Became a CEO". Authority Magazine. Retrieved 2023-01-06.
- ^ "US Patent for Managing and monitoring infrastructure access in networked environments Patent (Patent # 11,546,763 issued January 3, 2023) - Justia Patents Search". patents.justia.com. Retrieved 2023-01-09.
- ^ https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/11546763
- ^ "US Patent for Credential management for distributed services Patent (Patent # 11,546,323 issued January 3, 2023) - Justia Patents Search". patents.justia.com. Retrieved 2023-01-09.
- ^ https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/11546323
- ^ "Meet Comply: StrongDM's Open Source SOC2 Compliance Tool". Social Starts. Retrieved 2023-01-09.
- ^ Runton, Craine (2022-04-07). "Tackling SOC 2 in 2022? Start Here". The New Stack. Retrieved 2023-01-09.
- ^ Editorial, BOSS (2022-05-02). "Yext: The Next Big Thing in Search". BOSS Magazine. Retrieved 2023-01-09.
- ^ "63 Top SaaS Startups in the United States - 2022". DEV Community 👩💻👨💻. Retrieved 2023-01-07.
- ^ "strongDM Snares $17M in Series A". vcnewsdaily.com. Retrieved 2023-01-06.
- ^ "StrongDM raises $800K to push a new tool for detecting data errors". VentureBeat. 2015-05-11. Retrieved 2023-01-07.
- ^ Lynley, Matthew (2016-12-05). "StrongDM raises $3M to keep database info from leaking out". TechCrunch. Retrieved 2023-01-07.
- ^ Bosilkovski, Igor. "Why Sequoia Just Led A $17 Million Series A In This Access Management Software Startup". Forbes. Retrieved 2023-01-07.
- ^ Selvarajan, Gautham (2021-09-16). "strongDM raises a $54M Series B from Tiger Global". SaaS Industry. Retrieved 2023-01-09.
- ^ "strongDM". Sequoia Capital US/Europe. Retrieved 2023-01-06.
- ^ www.bizjournals.com https://www.bizjournals.com/sanjose/news/2021/09/15/500-startups-has-a-new-name-and-a-new-140m-fund.html. Retrieved 2023-01-10.
{{cite web}}: Missing or empty|title=(help) - ^ "Infrastructure access platform StrongDM raises $54M". VentureBeat. 2021-09-15. Retrieved 2023-01-06.
- ^ Wiggers, Kyle (2022-05-03). "Teleport nabs $110M to provide identity-based infrastructure access". TechCrunch. Retrieved 2023-01-09.
- ^ Vizard, Mike (2020-11-16). "strongDM Extends Access Management as Code Efforts". DevOps.com. Retrieved 2023-01-07.
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