Britive raises $10M in Series A from Crosslink Capital

SaaS News -Britive-grabs-$10M-Series-A(source: SaaS Industry)
At a Glance

Britive, an early-stage cloud-native dynamic access management platform, has raised $10 million in Series A funding led by Crosslink Capital. Previous investors, Upfront Ventures and One Way Ventures had participated in the round.

As per reports, the funding comes at a time of gallop for Britive, owing to its 300 percent year-over-year growth. These new proceeds shall be used to accelerate go-to-market, enhance innovation and product development, and protect highly complex cloud platforms and applications from data loss and account takeovers. Britive also aspires to double its team size in the next 12 months, co-founder and CEO Artyom Poghosyan said in an interview with TechCrunch.

Britive’s platform provides a cloud-native security solution built to help enterprises implement best cloud security practices to prevent security breaches and operational disruptions without compromising efficiency and user productivity. Its Platform takes the complexity and time out of securing identities and permissions across various multi-cloud environments.  

Based in Los Angeles and launched in 2018, Britive had raised $5.4 million seed before the current Seed A, taking its total funding to $15.4 million, as per Crunchbase news. Their customer base includes several high-growth companies and Fortune 500 firms across a variety of industries.

Commenting on the investment, Poghosyan took to LinkedIn and thanked the investors. 

Graduating from seed stage to a Series A funding round is regarded as a major step for any startup, and we feel that securing the backing of such an esteemed group of investors is a firm validation of our product vision and the work we’ve done since launching in 2018,

Britive’s blog post read

Partner at Crosslink Capital, Matt Bigge, laid stress on the significance of cloud security and expressed delight at joining the Britive team.

The Britive Platform is truly revolutionary in that it enables organizations to migrate to a DevSecOps model by baking security into their CI/CD processes while accelerating cloud app development 

Matt Bigge, Partner at Crosslink Capital
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