4 SaaS Startups in the Identity Management Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Identity Management industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 4 VC funded SaaS startups in the Identity Management industry.

Ermetic

By minimizing the attack surface of cloud infrastructure and enforcing least privilege at scale in the most complicated situations, Ermetic aids in the prevention of breaches. Cloud infrastructure entitlements management (CIEM) and cloud security posture management are both included in the Ermetic SaaS platform's complete cloud security for AWS, Azure, and GCP (CSPM). The business is run by successful technology entrepreneurs, whose prior businesses were bought by corporations like Microsoft, Palo Alto Networks, and others. Accel, Forgepoint, Glilot Capital Partners, Norwest Venture Partners, Qumra Capital, and Target Global have all provided money to Ermetic. Visit our website at https://ermetic.com and connect with us on Facebook, Twitter, and LinkedIn.

Company details:
Founders:
Arick Goomanovsky, Michael Dolinsky, Shai Morag, Sivan Krigsman
Founded:
2019
Based in:
Palo Alto, California, United States
Website:
Ermetic
Industries:
Cloud Computing, Cloud Management, Cloud Security, Cyber Security, Identity Management, SaaS
Latest funding:
$70,000,000
Series B
15 December 2021
Total funding:
$97,250,000
Investors
Norwest Venture Partners, Accel, Forgepoint Capital, Target Global, Qumra Capital

Idwall

Idwall produces software to assist small and medium-sized enterprises with client credentialing. It focuses on offering organizations solutions and services for document validation, background checks, and identity verification. The business provides users with a real-time alert system so they can confirm consumer information provided during signups and transactions. For its solutions, it also offers consultation and implementation services. Idwall was established in July 2016 and has its corporate headquarters in Sao Paulo, Brazil.

Company details:
Founders:
Lincoln Ando, Raphael Melo, Renan Esposte
Founded:
2016
Based in:
São Paulo, Sao Paulo, Brazil
Website:
Idwall
Industries:
Big Data, Identity Management, Information Technology, SaaS, Security, Software
Latest funding:
$38,000,000
Series C
31 May 2021
Total funding:
$51,800,000
Investors
500 Global, Google for Startups, GGV Capital, Qualcomm Ventures, Canary

MetaMap

The global platform for borderless services, MetaMap is the digital trust and reputation layer. Our adaptable workflows give service providers the tools they need to analyze legal, financial, and employment data in innovative ways, enabling them to reach more clients and achieve really limitless growth. Developers working on high-trust internet services to businesses may all benefit from MetaMap's solutions. Go to metamap.com for further information.

Company details:
Founders:
Amaury Soviche, Filip Victor
Founded:
2017
Based in:
San Francisco, California, United States
Website:
MetaMap
Industries:
Computer Vision, Identity Management, Information Technology, Internet, Reputation, SaaS, Software
Latest funding:
$70,000,000
Series B
28 December 2021
Total funding:
$86,500,000
Investors
Alameda Research, Kima Ventures, Craft Ventures, Tribe Capital, Titan Capital

Persona

Persona enables business to verify customer identities that brings trust to online interactions and help them with age verification, fraud prevention, and account recovery. It offers a comprehensive suite of automated identity verification components with worldwide coverage that can be configured, branded, and themed to create custom-tailored flows that cover any use case. It handles complex collecting, verifying, and managing sensitive personal information to stay focused on building products. Persona was founded in 2018 and is headquartered in San Francisco, California.

Company details:
Founders:
Charles Yeh, Rick Song
Founded:
2018
Based in:
San Francisco, California, United States
Website:
Persona
Industries:
Compliance, Cyber Security, FinTech, Fraud Detection, Identity Management, Information Technology, SaaS, Software
Latest funding:
$150,000,000
Series C
15 September 2021
Total funding:
$217,500,000
Investors
Coatue, Founders Fund, Index Ventures, Scott Belsky, Bond

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