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Applied Identity Raises $12M
Applied Identity announced that it has raised $12 million in Series B funding
SAN FRANCISCO, Calif. -- Applied Identity, a developer of identity-driven authorization mechanisms for controlling access to internal networks, today announced that it has raised $12 million in Series B funding. The lead investor was OVP Venture Partners; previous investors Bay Partners, Sigma Partners and Globespan Capital Partners also fully participated. The funding will be used to expand sales and marketing efforts and launch additional product offerings.
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Applied Identity has raised a total of $23 million in venture funding since it’s inception in 2003.
"Controlling access to critical corporate information resources has become a major issue for organizations in virtually every market segment from financial to health care to government sectors," said Lucinda Stewart, general partner at OVP Venture Partners. "Applied Identity’s solution is a deeply integrated, persistent, identity-driven authorization mechanism that controls ‘insider’ access to internal resources whether they are trusted or not. AI delivers unified access while consolidating policy in the directory; this is a value proposition not found anywhere else in the market."
For organizations struggling to balance the demand for open networks while contending with complex regulatory requirements and security issues, Applied Identity complements existing perimeter and “pre-connect” technologies like Cisco CNAC and Microsoft NAP, acting as a pervasive “post-connect” solution that strictly controls access to resources once a user is admitted to the network. Leveraging existing directory and network access control infrastructure, Applied Identity uses identity and policy, not IP addresses, to enable far greater control at a much lower cost.
“We’re very pleased to have OVP as an investment partner,” said Brian Nugent, president and CEO of Applied Identity. “The team’s extensive experience in networking and datacenter companies will be extremely valuable to us as we expand our product lines and move into additional markets.”
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