Security News > 2021 > July > SecurEnds raises $21M to scale operations and product development

The platform helps organizations save valuable time on implementation and upkeep while reducing audit costs by as much as 60%. To meet rapidly accelerating demand, the funding will be primarily used to scale operations and product development, and for geographic expansion into untapped markets across Europe and Asia.

"We've built the industry's first fully-cloud-native and configurable Identity Governance platform, empowering organizations to secure identities, protect against data breaches, and meet security and compliance needs," said Tippu Gagguturu, co-founder and CEO of SecurEnds.

Over the next 12-months, SecurEnds intends to nearly triple its workforce, filling more than 125 sales, marketing, and product engineering roles both in the US and worldwide.

"Both Chris and I believe Identity Governance is becoming more critical to businesses around the world and needs disruption. SecurEnds provides that disruption by delivering an innovative and elegant cloud-native solution that customers love. We are excited for a long and fruitful partnership that helps SecurEnds execute on their vision for the future of Identity Governance."

Leveraging AI and ML-enabled predictive analytics, SecurEnds has built a versatile product without the constraints of incumbent legacy on-prem solutions, providing high ROI, strong time to value, and lower total cost of ownership than legacy solutions in the market.

"Customers gravitate to SecurEnds because we have simplified Identity and Cloud Governance by creating a business user centered product," said Deven Reddy, co-founder and COO. "We've carefully constructed our platform to have intuitive workflows that allow end-users without IGA expertise to meet compliance and security goals."

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