Oleria has raised an $8M funding round to create new ways of using Multi-Factor Authentication.
Salesforce Ventures led the funding round.
According to the company, the current MFA methods that are used are not user-friendly.
- The company uses a concept called adaptive authentication.
- Adaptive authentication creates a profile for each user in a network. Every time a user tries to authenticate, the request is evaluated and assigned a risk score. Depending on that score, they are either required to provide additional credentials or allowed to use fewer credentials.
- Oleria aims to keep its client's digital assets secure through continuous access reviews and remediation.
- Tapestry VC also participated in the funding round.
- The company intends to use the funds to accelerate growth and expand operations.
- This is the company's first major funding round.
