Seattle-based cybersecurity startup Oleria emerged from stealth Tuesday by announcing it has raised $8 million in funding.
Oleria is co-founded by Jim Alkove, the former chief trust officer at Salesforce, and Jagadeesh Kunda, the former chief product officer for JumpCloud. The two met while working together at Microsoft and Salesforce.
With Oleria, the duo has championed an identity-first cybersecurity approach that reduces the complexity of access management by autonomously adapting to an organization’s changing needs.
“I’ve spent my career in some of the largest companies in the world. and have been continuously frustrated by the efforts expended to give just the right people the right access at the right time, only to be disappointed time and again,” Alkove, Oleria’s CEO, said in a statement. “Oleria provides adaptive and autonomous security that scales with businesses and provides the freedom to pursue business objectives while offering [chief information security officers] peace of mind that access is appropriate and risk is minimized.”
Led by Salesforce Ventures, Oleria’s seed round garnered investment from Tapestry VC and prominent angel investors like Kevin Turner, a former COO at Microsoft and former chief information officer at Walmart.
“Businesses are constantly responding to evolving threats and the currently available solutions are cumbersome, costly and ultimately constrain teams from gaining appropriate access to sensitive and relevant business data that they need to achieve critical business outcomes,” Turner said in a statement. “Oleria is bringing a much-needed change to cybersecurity — one that fuels collaboration and supports the pace of business while maintaining security that preserves customer trust in an ever-changing world.”
