User:Lamona/sandbox/StrongDM (Company)

strongDM is a company that provides a privileged access manager of the same name.

History
strongDM was founded in 2015 by strongDM Elizabeth Zalman, Justin McCarthy, and Schuyler Brown. The company was one of the first female led startups backed by Hearst's initiative to invest in women led startups. The company received an early investment of $250,000 from HearstLabs.

Elizabeth Zalman continued as CEO until 2021 when Tim Prendergast was appointed new CEO.

On January 3rd, 2023, the company was granted two patents for:



Software
strongDM's primary product, also called strongDM,

In 2018 strongDM released free open source software called Comply which allows small organizations to implement SOC 2 in an open source environment. Organizations can download a pre-authored library of 24 policies which can be edited and tracked in Github.

Funding Rounds
As of Jan 7th, 2023 strongDM has raised over $76,000,000 in venture funds from investors including Bloomberg Beta, Sequoia Capital, Tiger Global and Google Ventures. Billionaire investor and Sequoia Capital's Global Managing Partner, Douglas Leone, joined the board as part of the Sequoia Capital led $17M Series A financing round. As a female led Silicon Valley startup under former CEO Elizabeth Zalman, the company raised over $76M in venture capital.

Competitors
Competitors in the field are Teleport and Perimeter 81.