Market Insights

ForgeRock funds $88M, Axonius acquires $4M: Friday Deal Book for 9/8/2017

OWI’s Friday Deal Book provides you with a weekly roundup of partnerships, funding, and product announcements in the identity industry. Here’s a quick peek at what you need to know for the week ending Sept. 8, 2017.

Capital One invests $5 million into data warehouse provider Snowflake Computing
Capital One Growth Ventures, the venture investing arm of Capital One Financial, has joined its latest round of funding, bringing Snowflake Computing’s Series D round to a total of $105 million and its total funding to over $210 million. Snowflake provides cloud data warehousing tools, including cloud storage and analytics. At the same time, the company announced the launch of Virtual Private Snowflake (VPS), a data warehousing solution geared at highly regulated environments such as financial services. Data management solutions continue to show strong growth, but regulated markets such as healthcare and financial services have been trailing in cloud adoption because of data regulatory and security concerns. [Read more]

Israeli device security startup Axonius raises $4 million
The seed round was led by YL Ventures with participation from Vertex Ventures and Emerge. The company hopes to build an open platform that integrates existing device and platform specific standalone management solutions into a single visibility and control environment. The company believes that it can solve today’s fragmentation of tools and controls and eliminate manual processes such as custom scripting. Endpoint and device security tools have seen an explosion in recent months – a simplification of integrations is a useful, but ambitious, step. [Read more]

Identity management platform ForgeRock raises $88 million Series D
The round was led by Accel, with participation from KKR and existing investors Meritech Capital Partners and Foundation Capital, bringing the company’s total funding to $140 million. ForgeRock plans to use the funding to expand its research and development efforts and fuel aggressive hiring. ForgeRock provides a customer identity and access management (CIAM) platform with a specific focus on consent solutions and enabling IoT management. CIAM solutions have seen strong growth, and the focus on consent and regulations has been opportune ahead of GDPR and PSD2. [Read more]

E-signature startup GetAccept raises $1.6 million
The seed round was led by Amino Capital and Y Combinator, with participation from other angel investors. GetAccept is launching a product that combines sales e-mail tracking and analytics with an e-signatures platform. It aims to apply analytics to study salespeople behaviour and outcomes to suggest optimal next steps, while providing a robust e-signature capability for the actual contract signing. There are many startups and incumbents alike that that provide solutions for lead tracking or e-signatures, but GetAccept hopes that the bundling of the offer will be a key differentiator in the market. [Read more]

VerifyMe contracts with HP for secure digital press ink tech 
The 5-year deal involves HP’s Indigo Division, which specializes in printing technology. Together, the companies will incorporate VerifyMe’s pigments products into HP Indigo’s ElectroInk, to be used for packaging, label authentication, anti-counterfeitting, and covert item level serialization for supply chain and distribution security. The solution will be marketed as RainbowSecure powered by HP Indigo, and will be sold globally to both VerifyMe and HP Indigo customers. [Read more]