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Oleria Raises $32M Series A To Usher in New Era of Adaptive and Autonomous Identity Security

by Jagadeesh Kunda
Sep 11, 2023
 
 
5 min read

BELLEVUE, Wash. – January 16 – Oleria, a company providing adaptive and autonomous identity security solutions, has raised $32 million in a Series A funding round. This latest investment, which brings the company’s total funding to $40 million, is led by Evolution Equity Partners with participation from Salesforce Ventures, Tapestry Ventures, and former Microsoft COO Kevin Turner. XXXXX, a leading enterprise cybersecurity provider, also joined the round. This funding round enables Oleria to ramp up hiring to accelerate its product innovation, including AI capabilities, as well as its go-to-market strategy.

“Oleria provides organizations with comprehensive visibility into their access posture and autonomously identifies and mitigates access risks before they can be exploited,” said Jim Alkove, co-founder and CEO of Oleria. “We are security operators building solutions for operators. Our team’s decades of experience in building and operating security programs at scale at tech leaders like Salesforce, Amazon, and Microsoft allows us to understand the complex challenges CISOs are facing and tailor our solutions to them.”

There are many things I love about Oleria, but the biggest thing is how everyone works together as a team. I like that I can reach out to any Oleria employee in my country, in my team, at my level, and I know they will do their best to help not only me but also our clients.
Lara Green
Senior Technical Program Manager, Oleria

In addition to Elgamal, John Watters, former President and COO at Mandiant, will be joining Oleria’s board of directors and investing in the round. Watters will bring a wealth of cybersecurity, go to market, and business operations expertise.

Today’s milestone marks a significant step forward in the company’s mission to redefine identity security just eight months after launching out of stealth mode and raising a successful $8M seed funding round led by Salesforce Ventures. Oleria is currently piloting its solution with a diverse group of customers planning for general availability starting in early 2024.

Oleria leadership team, 2024

Oleria, a company providing adaptive

“Oleria provides organizations with comprehensive visibility into their access posture and autonomously identifies and mitigates access risks before they can be exploited,” said Jim Alkove, co-founder and CEO of Oleria. “We are security operators building solutions for operators. Our team’s decades of experience in building and operating security programs at scale at tech leaders like Salesforce, Amazon, and Microsoft allows us to understand the complex challenges CISOs are facing and tailor our solutions to them.”

Oleria, a company providing adaptive

“Oleria provides organizations with comprehensive visibility into their access posture and autonomously identifies and mitigates access risks before they can be exploited,” said Jim Alkove, co-founder and CEO of Oleria. “We are security operators building solutions for operators. Our team’s decades of experience in building and operating security programs at scale at tech leaders like Salesforce, Amazon, and Microsoft allows us to understand the complex challenges CISOs are facing and tailor our solutions to them.”

To deliver on these two principles, Oleria Adaptive Security provides three key outcomes:

  • Visibility: Some of the most dangerous security blind spots in the typical enterprise revolve around decentrally managed access across the vast network of applications and infrastructure. The conventional approach leaves security teams to manually patch together all of this identity access information — meaning;
  • Insights: Too many security solutions stop at aggregated visibility, leaving security teams with yet another giant pool of information to sift through. Oleria Adaptive Security transforms that centralized access visibility into usable;
  • Action: I worked as a CISO for most of my career, and I know I didn't just want tech to tell me about problems. I wanted tools that helped me fix them. Oleria Adaptive Security gives your team a single control point for rapidly.

Oleria, a company providing adaptive

To deliver on these two principles, Oleria Adaptive Security provides three key outcomes:

  • Visibility: Some of the most dangerous security blind spots in the typical enterprise revolve around decentrally managed access across the vast network of applications and infrastructure. The conventional approach leaves security teams to manually patch together all of this identity access information — meaning;
  • Insights: Too many security solutions stop at aggregated visibility, leaving security teams with yet another giant pool of information to sift through. Oleria Adaptive Security transforms that centralized access visibility into usable;
    • Action: I worked as a CISO for most of my career, and I know I didn't just want tech to tell me about problems. I wanted tools that helped me fix them. Oleria Adaptive Security gives your team a single control point for rapidly;

Oleria, a company providing adaptive

To deliver on these two principles, Oleria Adaptive Security provides three key outcomes:

  1. Visibility: Some of the most dangerous security blind spots in the typical enterprise revolve around decentrally managed access across the vast network of applications and infrastructure. The conventional approach leaves security teams to manually patch together all of this identity access information — meaning;
  2. Insights: Too many security solutions stop at aggregated visibility, leaving security teams with yet another giant pool of information to sift through. Oleria Adaptive Security transforms that centralized access visibility into usable;
  3. Action: I worked as a CISO for most of my career, and I know I didn't just want tech to tell me about problems. I wanted tools that helped me fix them. Oleria Adaptive Security gives your team a single control point for rapidly;
    1. Action: I worked as a CISO for most of my career, and I know I didn't just want tech to tell me about problems. I wanted tools that helped me fix them. Oleria Adaptive Security gives your team a single control point rapidly:
    2. Action: I worked as a CISO for most of my career, and I know I didn't just want tech to tell me about problems. I wanted tools that helped me fix them. Oleria Adaptive Security gives your team a single control point rapidly;

About Oleria

About Oleria Oleria provides adaptive and autonomous identity security solutions that help organizations accelerate at the pace of change, trusting that their data is protected. Oleria enables organizations to have comprehensive visibility into their access posture and autonomously identifies and mitigates access risks before they can be exploited. Founded by cybersecurity industry veterans with decades of experience building and operating some of the world’s largest security programs, Oleria allows organizations to pursue their best ideas, removing the barriers that keep team members from collaborating.Oleria is backed by Evolution Equity Partners, Salesforce Ventures, Tapestry Ventures, and other technology luminaries. Oleria sets business free. For more information, please visit www.oleria.com and follow Oleria on LinkedIn and Twitter.

Media contact
Walker Sands for Oleria
Oleria@walkersands.com
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