Cloud security firm Strata Identity raises $11M

Dan Mika

BOULDER — Security software maker Strata Identity Inc. has raised $11 million in its third round of fundraising, more than triple what it had previously raised in venture capital.

In a statement, the Boulder-based Strata said the round was led by California-based Menlo Ventures, of which partner Venky Ganesan will join Strata’s board. The company plans to use the funds to further develop its research and business efforts.

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Strata develops software to manage security and identity verification for websites that use multiple ways to log in rather than requiring a separate account specifically for that site. For example, Google, Yahoo!, Facebook Inc. (Nasdaq: FB) and Twitter Inc. (Nasdaq: TWTR) feature services allowing users to use their accounts on those services to sign into various e-commerce sites.

The company has not filed a fundraising disclosure to the U.S. Securities and Exchange Commission as of Tuesday morning. It previously raised just more than $3.26 million in two earlier rounds, according to prior SEC data.

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