2H2019 Identity Management Funding Analysis
Back in July, I wrote an article taking a brief look at venture capitalist funding patterns within the identity and access management space, for the first half of 2019. I am going to revisit that topic, but for the second half of the year.
Key Facts July to December 2017 / 2018 / 2019
The number of organisations receiving funding, has reduced every year since 2017. The drop between 2018 and 2019 was about 15%. Between 2017 and 2018, a 34% decline. As per first half numbers, you could infer, that the identity industry in general is maturing, stabilising and seeing the number of organisations needing funding start to slow. Approximately 30% of the funding in the second half of 2019, was classified as seed, which may support that claim.
2H2019
- ~$532 million overall funding
- Seed funding accounted for 30.3%
- Median announcement date Sep 26th
- 33 companies funded
- ~$172 million overall funding
- Seed funding accounted for 23.1%
- Median announcement date Aug 29th
- 39 companies funded
- ~$523 million overall funding
- Seed funding accounted for 32.8%
- Median announcement date Oct 3rd
- 61 companies funded
2H2019 Company Analysis
2H2019 Top 10 Companies By Funding Amounts
1Password ($200m, Series A) – https://pulse2.com/1password-200-million-funding/
AU10TIX ($60m, PE) – https://www.biometricupdate.com/201907/au10tix-receives-60m-investment-to-pay-off-debt-and-fund-growth-initiatives
Truiloo ($52m, Series C) – https://www.geekwire.com/2019/vancouver-startup-truiloo-raises-52m-identity-verification-tech/
*** This is a Security Bloggers Network syndicated blog from The Cyber Hut authored by Simon M. Read the original post at: http://feedproxy.google.com/~r/InfosecProfessional/~3/OCONI0_7bXs/2h2019-identity-management-funding.html