ClearVector, a creator of identity-driven security, announced its $13 million Series A financing to advance its mission to redefine cybersecurity by shifting the focus to identity-driven security. The funding round was led by Scale Venture Partners, with participation from Okta Ventures, Inner Loop Capital, and existing investor Menlo Ventures. This brings the company’s total funding to $16 million.
ClearVector is creating an identity-driven security platform that enables organizations to detect, investigate, and stop threats.
What the funding will be used for: The funding will be used to expand the team to meet customer demand. Ariel Tseitlin, Partner at Scale Venture Partners will be joining the Board of Directors.
Value proposition: Traditional security approaches are failing despite the billions of dollars invested in security tools annually. And enterprises continue to be compromised at an alarming rate and are overwhelmed by excessive alerts from siloed security solutions that lack critical context on how the organization operates.
ClearVector addresses the defender’s visibility gap while understanding what’s happening in a dynamic and fragmented production environment, who is doing it, and being able to respond immediately. And by focusing on identities and learning how a company’s identities — humans, machines, third parties or AI — operate at runtime, ClearVector proactively counters adversaries as their activity manifests through the misuse and abuse of corporate identities.
ClearVector’s identity-driven security platform provides organizations with real-time threat detection, comprehensive identity context, a unified security model, and identity graph technology.
KEY QUOTES:
“Our vision is to fundamentally change the economics of cyberattacks by making the adversary’s mission prohibitively difficult and immediately visible. Rather than chasing an ever-growing list of threats, we’re giving defenders unprecedented visibility and control over every identity operating in their environment. When an adversary can’t move without being detected and is immediately stopped, the advantage shifts dramatically to the defender.”
John Laliberte, CEO and founder of ClearVector
“ClearVector has pioneered a fundamentally different approach to cloud security that focuses on identity as the foundation. The deep domain expertise of John and his team has enabled them to build technology that cuts through the complexity of modern environments and deliver exactly what organizations need to detect malicious actors and stop the adversary.”
Ariel Tseitlin, Partner at Scale Venture Partners and ClearVector Board Member
“As the identity provider that organizations trust for secure access, we see tremendous value in ClearVector’s ability to track what happens post authentication – an increasingly important attack space.”
Austin Arensberg, Senior Director, Okta Ventures
