OneLogin Raises Additional $22.5M in Latest Financing Round; Opens Seattle Development Center
SAN FRANCISCO--(BUSINESS WIRE)--Jun 5, 2018--OneLogin, the industry leader in Unified Access Management, today announced it has raised an additional $22.5 million in financing. Riding on the heels of this momentum, the company celebrates the grand opening of a new Seattle-area development center in Redmond, Washington as it accelerates its move upmarket.
With participation from existing and new investors, OneLogin will use the capital to deliver on its mission to provide simple and secure application access to enterprises as they digitally transform. More than 2,000 enterprises globally secure their applications with OneLogin.
“I’m thrilled our investors believe in our vision for this market. Their support accelerates our investment in our company, brand, product, and importantly, our people,” said OneLogin CEO Brad Brooks. “With our ongoing expansion into the Seattle area, we will continue to grow and attract even more top tech talent.”
Evernote, Pac-12 Networks, and Spaceflight Industries are just a few of the regional companies among OneLogin’s growing enterprise customer ranks. OneLogin’s Unified Access Management Platform (UAM) allows companies of any size to manage access for on-premise and cloud applications with a single solution.
Already in 2018, the company has seen record growth in its last two quarters and is hiring rapidly – its employee base has grown 30% in the last seven months led by North America and EMEA.
“Unified Access Management represents a $20B market opportunity growing 15% year over year, and OneLogin is a leading player in addressing this massive market,” said Devdutt Yellurkar of CRV, which participated in the round. “I am excited about the momentum Brad Brooks and his team are driving and expect them to continue on their hyper-growth trajectory.”
OneLogin’s new development center opens today at 7530 164th Ave NE, Redmond, Washington as the company continues to hire technology talent across all levels and many disciplines. All current job openings can be found at https://www.onelogin.com/company/careers.
A ribbon-cutting ceremony will take place at 3:00pm PT, hosted by OneLogin CEO Brad Brooks, Washington State Senator Manka Dhingra, and City of Redmond City Council President Angela Birney. OneLogin is also celebrating its entry into the community by becoming the first Signature Sponsor of the Grand Opening of the Hopelink Redmond Service Center which will house their Food Bank, Client Services and administrative offices.
“The greater Seattle area is home to some of the best technology talent in the country, which is why so many companies thrive here,” said Sen. Manka Dhingra. “I’m glad to see OneLogin choose Redmond as the location for its new engineering hub and wish them the very best as they continue to grow in our city.”
About OneLogin, Inc.
OneLogin is the leader in Unified Access Management, Enabling Organizations to Access the World™. OneLogin makes it simpler and safer for organizations to access the apps and data they need anytime, everywhere. The OneLogin Unified Access Management Platform secures millions of identities for thousands of companies around the globe, spans both cloud and on-prem environments, and unifies all users, devices, and applications to transform enterprises. We are headquartered in San Francisco, California. For more information, visit www.onelogin.com, Blog, Facebook, Twitter, or LinkedIn.
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CONTACT: for OneLogin, Inc.
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA WASHINGTON
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SOFTWARE SECURITY
SOURCE: OneLogin, Inc.
Copyright Business Wire 2018.
PUB: 06/05/2018 10:30 AM/DISC: 06/05/2018 10:30 AM