Cloud-based identity and access management provider OneLogin closed a $1.5 million round of funding. The series A round came from Charles River Ventures, an existing investor in OneLogin.
The Los Angeles-based company plans to use the funds to help it expand engineering, sales and product development functions.
“We founded OneLogin on the premise that small and mid-sized businesses should have access to the same level of security as large enterprise companies,” said Thomas Pedersen, OneLogin CEO and founder. “With this funding round, we’ll continue our mission of democratizing IAM by making it instantly available to organizations of any size.”
OneLogin offers a set of APIs and widgets for enterprise integration and SSO functionality for applications both in front of and behind the firewall. It counts Yamer, Colby Community College, Transwest, Zendesk, SurgarCRM and KnowledgeTree among its clients and partners.
“As the SaaS migration landslide gains momentum, executives are becoming increasingly concerned about the security of their most sensitive data,” said Devdutt Yellukar, Charles River Ventures partner. “OneLogin’s easy-to-use solution makes enterprise class identity management available to any company regardless of size.”