KO Client Strata Identity Raises $26 Million Series B
- KO Firm
- January 31, 2023
KO client Strata Identity, a distributed multi-cloud identity orchestration company, recently announced it has closed on a $26 million Series B. Strata Identity enables businesses to adopt cloud-based identity authentication solutions without having to rewrite code.
In the announcement, Marcus Bartram, a general partner at Telstra Ventures, said, “Strata is disrupting the traditional proprietary identity management model by making it possible for legacy and cloud identity systems to interoperate, all without the need to modify applications. We believe the company’s first-of-its-kind identity orchestration platform has the potential to eliminate decades of vendor lock-in for customers and slingshot Strata to the top of the identity market leader board.”
The round was led by Telstra Ventures with participation from existing investors Menlo Ventures, Forgepoint Capital, and others. The funding will be used to expand Strata’s sales, marketing, go-to-market and customer success initiatives.
The KO team of partners Kevin Gibson and Jon Taylor and attorney Elizabeth Ho represented Strata Identity in the financing. Read more in TechCrunch and BuiltIn Colorado.