Paris-based Memority has raised €13M in its first Series A financing round to support its expansion in Europe in Identity and Access Management.
The investment was led by Tikehau Capital via Brienne, its private equity strategy dedicated to cybersecurity, showcasing the increasing importance of cybersecurity for organisations.
Memority aims to change identity and access management for the cloud era with its Identity Factory SaaS platform offering IDaaS, IGA, CIAM, SSO, Federation, and MFA services, creating a centralised system for identity and access management.
The capital raised will be utilized to accelerate the development of Memority's technology plan, expand the sales team, and increase the company's presence across Europe to meet the growing demand for improved cybersecurity solutions.