Cloud identity access management (IAM) company Strata has raised a $26M Series B funding led by Telstra Ventures.
Strata provides multi-cloud identity orchestration through its Maverics platform.
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- Strata has raised $42M in funding since it was founded in 2019.
- The Maverics identity orchestration platform is said to be able to integrate identity across third-party IAM services like Okta and Ping Identity to create a seamless user access flow experience across multiple apps. It also allows organizations to adopt cloud identity systems without having to rewrite applications.
- A growing number of enterprises are opting for a multi-cloud approach, which makes them rely on multiple identity systems, thus increasing complexity.
- Strata’s solution aims to address complexities associated with IAM by creating an abstraction layer that enables a multi-vendor authentication system.