Britive, a Los Angeles-based cloud identity security platform, has announced that it has raised $20.5 million in a Series B funding round led by Pelion Venture Partners, with participation from Liberty Global Ventures, and insiders Crosslink Capital and One Way Ventures. This new funding will be used to support the company’s growing portfolio of enterprise clients and to expand its technology and customer success capabilities.
The Britive platform provides dynamic and intelligent privileged access management solutions for multi-cloud environments, empowering teams across cloud infrastructure, DevOps, and security functions. The platform uses deep API-based integrations to orchestrate permissions for modern enterprise cloud infrastructure and applications, enabling businesses to implement cloud security best practices such as Just-In-Time (JIT) access and zero-standing privileges (ZSP). These practices help prevent security breaches and operational disruptions while increasing efficiency and user productivity.
Britive’s customers include medium-to-large businesses and Fortune 500 enterprises across various industries such as healthcare, automotive, retail, media & entertainment, and more. The company’s cloud-native security solution has been successful in meeting the cloud security needs of its clients, and this new funding is a testament to its continued success.
Art Poghosyan, CEO of Britive, expressed his excitement about the company’s success and the new funding round, stating that “With this investment, Britive is well positioned to continuously evolve our technology and expand our go-to-market and customer success capabilities to support our growing portfolio of enterprise clients.”
Overall, Britive’s cloud identity security platform offers advanced solutions for privileged access management, providing businesses with a powerful tool to secure their cloud infrastructure and ensure operational efficiency. With this new funding, the company is poised to continue its growth and deliver even more value to its clients.
