OverWatchID offers a patent-pending platform that combines privileged access management (PAM), single sign-on (SSO), multifactor authentication (MFA) and cloud access security brokering (CASB). The company serves carrier fleets such as Frontier Airlines, managed service providers like Datavail and Unitas Global, and other enterprise clients. Led by co-founder and CEO Andy Funk, OverWatchID develops cloud-based converged identity security solutions. The company closed a $2.5M seed financing and has raised $4.5M in total to date. OverWatchID intends to use the new funds to accelerate growth and invest in continuing R&D. The business is based in Denver, Colorado. OverWatchID builds a cloud-based converged identity security platform that comprises privileged access management (PAM), identity and access management/SSO (IAM/SSO), multi-factor authentication (MFA), and cloud access security brokering (CASB). Its patent-pending technology is positioned to provide security efficacy beyond legacy PAM systems while reducing subscription, implementation and administration costs by up to 80 percent. The company emphasizes rapid, frictionless deployment and leverages more than 20 years of enterprise development experience in identity security from its leadership team. OverWatchID plans to use recent funding to expand its marketing and sales teams, accelerate customer acquisition, and grow its product team to add more identity security features. The company graduated from Plug and Play’s inaugural cyber security accelerator and was selected for Denver’s ScaleUp Network as a fast-growing, second-stage company. OverWatchID is headquartered in Denver, Colorado and is described in the article as a market leader in cloud-based converged identity security solutions. OverWatchID offers a converged cloud identity-security platform that integrates privileged access management (PAM), identity access management (IAM), multi-factor authentication (MFA) and cloud access security brokering (CASB). The company emphasizes rapid, frictionless deployment (days to weeks), patent-pending technology and cost reductions of up to 80% for subscription, implementation and administration. Its platform also provides true multi-tenancy to support managed service providers. OverWatchID closed a second private placement and has raised over $2 million in combined outside and founder-led capital to date. The funding will be used to expand marketing, sales and product teams. The company reported ending the quarter nearly 150% above its booking plan. OverWatchID is headquartered in Denver, Colorado.

Total raised

$4M

Funding rounds

3

Latest round

Seed

Latest activity

Sep 2018