LoginRadius Raises $17M Series A to Fix Customer Identity
It started with a big realization — Digital Identity was making life hell for consumers and businesses. How could we simplify it for everyone?
In 2012, Deepak and I started the LoginRadius journey to fix the customer identity for everyone. We didn’t know the scale of this challenge, we didn’t know precisely how we were going to fix it, but we were very driven by the scale of impact that this could make on the world. We knew that everyone on the Internet was affected by it. Whether by the bad user experience, regular security breaches that put people at risk, the violation of people’s privacy, or by the complications around managing identities. No one was untouched.
To solve this problem, we decide to build a community of people who were driven by this mission. And that community became LoginRadius — the Employees, Customers, Advisors, Investors, Partners and our Cheerleaders.
This group has achieved so much in such a short time span that it fills both myself and Deepak with pride. We researched and developed LoginRadius’ Customer Identity Platform, that truly solves this problem at scale for both end-users and businesses. It is already improving the lives of over 700 million users by providing them delighted digital experience, protecting their online accounts and personal information, as well as respecting their privacy. We are over 3,000 business customers strong. LoginRadius has offices across the globe, is recognized by Gartner, Forrester, and other leading analysts, and is loved by many Fortune 5000 companies. We’ve raised the bar very high in the industry when it comes to the performance of an identity platform — 100% uptime in past 19 months, 200,000 logins/second peak load handling and serving within 500 ms anywhere on the planet Earth! :)
But this is just the beginning. We believe we can do so much more — innovate our technology to the next level, help hundreds of thousands of businesses, and more importantly, make the lives of the whole internet population better by protecting billions of their digital identities.
Today, we’re pleased to announce the huge support that we are receiving as $17M investment from Microsoft’s Venture Fund, M12 and ForgePoint Capital (formerly known as Trident Cybersecurity). They truly believe in our company’s potential and the mission we are on. All our major existing investors, namely Real Ventures, BDC Capital and Yaletown Venture Partners, continue to show their support by participating in the round. Both Microsoft and ForgePoint will also be joining our Board of Directors.
It is an important milestone for LoginRadius and we want to thank everyone who helped us get here!
With Microsoft’s massive ecosystem and ForgePoint’s expertise in cybersecurity space, we believe they are the right partners for LoginRadius. You can read more about the funding in the press release here.
Reasons Why They Invested
“It’s rare to find a solution that is security-aware and improves user experience.” said Donald Dixon, Co-Founder of ForgePoint Capital, “The high marks LoginRadius receives from their customers are representative.” — Don Dixon, Co-founder and Partner, ForgePoint Capital
“Forward-thinking companies are looking for secure, cloud-based identity solutions that can serve a global customer base and handle complex scenarios. We’re excited to invest in LoginRadius because they are delivering on their promise to simplify customer identity management, which allows enterprise companies to more easily achieve their digital transformation ambitions.” — Nagraj Kashyap, CVP at Microsoft and Global Head of M12
“LoginRadius’ consistent ranking as a top player in Customer Identity and Access Management is a true testament to their best-in-class product and customer service. This is a company that is well on its way to becoming the enterprise standard for trusted identity management.” — Sam Haffar, Partner, Real Ventures
Exciting Time Ahead
Fixing customer identity for the whole internet population is very a exciting but equally challenging task. We need your continued support!
Join us in this mission as an Employee, a Customer or a Partner!
We’re hiring globally in all roles. Join our awesome team! Please see our open positions here.
If you want to fix digital identity for your customers, please contact me personally or send a note to my team. We’d love to show you our platform and let you give it a try!
Want to build business partnership with us? Learn more about our partner program here and send us a note.
Deepak and Rakesh
Founders, LoginRadius Inc.