The identity and access management ecosystem has come a long way in the past decade, invigorated by cloud identity, customer identity, mobile identity, and open identity standards. Industry incumbents and cloud providers have made significant investments to support scalable, distributed, multi-factor enabled and decentralized identity systems.
In my first (and exciting) week at ESG, I met with a series of sharp-minded entrepreneurs and newly funded startups that are tackling the complexities of authorization, access governance, and multi-cloud identity orchestration.
- Led by Rita Gurevich, CEO - SPHERE Secures $10 Million in Series A Funding by focusing on access governance and managed services, which are especially suited to support financial services and government clients.
- The team at CLOUDENTITY Announces $13 Million in Funding by focusing on authorization control, open standards, and API security, aimed at open banking and application developers.
- Led by Eric Olden, CEO – STRATA Announces 11 Million in Series A Funding by tackling multi-cloud, hybrid identity orchestration, which takes the work out of rewriting apps that use legacy protocols.
The good news for these vendors, based on our recent ESG Research Report: Trends in Identity and Access Management, when we asked buyers and influencers about their likely strategy for securing access to their public cloud applications and infrastructure services, it is clear that 75% intend to buy from vendors in addition to their cloud service providers (also referred to as IdPs):
I am planning research in the second half of 2021 on the identity perimeter. Interested in identity? Who isn’t!
Follow me @BetterIdentity and request an inquiry or briefing.