OneLogin is a company based in San Francisco, California and is known in the market for providing Unified Access Management Solution and it has been able to get an investment of $100 million in their growth fund round. This round of investment of the OneLogin was led by the Green spring Associates and the Silver Lake Waterman. Other companies which took part in this round of investment were CRV and Scale Venture Partners. These two investors had already invested their money in the past.
OneLogin, to date, has been successfully able to raise a total of $170 million in different funding rounds. The reason why OneLogin raised this money is that they want to use the capital to accelerate the adoption and also increase their presence in North America and Europe. This money will also be used to hire more employees to the company.
The company OneLogin is led by Brad Brooks and the main focus of the company is to provide unified Access Management platform which helps to connect the people with the devices, applications, and data that help to drive productivity and also facilitate collaboration with secure login. OneLogin is also known to serve as a business and it is known to partner up with a lot of industries all across the world which has more than 2000 customer all across the globe.
According to the Chief executing officer of OneLogin:
“We here at OneLogin work with a total of 3000 employees. We are growing our business rapidly in the recent months. As of now, every business needs some of the United Access Management, and our solution is mission critical for all of our customers across both the hybrid and cloud and environment. Our relentless mainly work on customer service which is paired with this significant capital infusing support OneLogin ongoing growth and investment.”
The General Partner at Greenspring Associates John Avirett said:
“We’re at an inflection point for the utmost of the growth as all the enterprises are now are faced with the challenge of managing access across both the SaaS and on-premise environment as well as various devices and networks on the cloud infrastructure.”
This company is known for having a large cash hoard, but apart from this, OneLogin is not in any kind of hurry to go into the public sector.