Million Dollar Babies: Cloud Startups Get Big Funding Bumps


Cloud-based identity and access management provider OneLogin closed a $1.5 million Series A funding round this month led by Charles River Ventures. According to the company, it will use the funds to beef up its engineering, sales and product development initiatives. Los Angeles-based OneLogin can be sued to extend corporate directory infrastructure into the cloud and leverage similar control as when data resided behind the firewall. OneLogin allows centralized access control, security policy enforcement and automated user management in target applications with a full audit trail for compliance and reporting.

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