Oleria, a Bellevue-based company specializing in adaptive and autonomous identity security solutions, has raised $33 million in a Series A funding round. Led by Evolution Equity Partners, this investment brings Oleria’s total funding to over $40 million.
The company aims to provide organizations with comprehensive visibility into their access posture and autonomously identify and mitigate access risks. As organizations adopt more SaaS applications and cloud infrastructure to drive their operations, Oleria hopes to provide modern security solutions to help them protect against growing identity-based threats.
Oleria’s funding announcement follows the company’s launch from stealth last year with a round of seed funding. The capital will help Oleria accelerate hiring to fuel product development, including AI capabilities. It will also help the company enhance its go-to-market strategy as it plans to make its solution generally available in early 2024.
