Identity and access governance startup Clear Skye Inc. has raised $ 14 million in new funding to increase its headcount, expand its global footprint and continue to rethink the enterprise’s identity management and security strategy.
Storm Ventures and Toba Capital led the Series A round with Point Field Partners and Inner Loop Capital also participating.
Founded in 2015, Clear Skye offers a complete IAG solution that offers employee lifecycle automation, access requests, access certification and business intelligence. The company has elevated itself as the only identity security and management solution developed with ServiceNow Inc.
The company says it redefined enterprise identity access and risk management by enabling organizations to use a familiar interface, provide deeper identity control and insight, and build a bridge. between business and IT. By reducing loopholes between functional areas such as human resources, IT, security operations and management and compliance with government risk, the solution reduces friction, increases efficiency and accelerates time-to-value. .
By managing the identity lifecycle, the Clear Skye platform ensures that users can work efficiently with the right level of policy-based access security. The company’s access request service is designed to reduce help desk and user frustration without knowing where to go and how to request access to business applications.
The access testing service increases the speed and accuracy of verification and offers visibility and control over what levels of access are appropriate. The platform is a leader in workflow management using the low-code/no-code ServiceNow Flow Designer.
Clear Skye has seen strong growth, with a five -fold increase in revenue in 2021. Prominent customers include ABB Ltd., West FraserTimber Co. Ltd., Blackhawk Network Hodlings Inc. and Premise Health Holding Corp.
“Today, workers have access to many more applications, posing a challenge for identification and management teams with roles in access control, compliance management and monitoring individual and enterprise threats— wide, ”Arun Penmetsa, partner at Storm Ventures, said in a statement. “Clear Skye addresses this need through a modern platform without the pain of replacing legacy IT systems.”
With the new funding, Clear Skye has raised nearly $ 20 million to date.
Photo: Clear Skye
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