Market Insights

IAM Matters: Friday Dealbook for 8/2/2019

August 2, 2019

Microsoft continues its shopping spree this week with the acquisition of BlueTalon, a cross-platform data access control solutions provider headquartered in Redwood City. Privacy and security are top of mind this week following the massive Capital One data breach, which affected more than 106 million past, present, and prospective customers. As enterprises increasingly shift to cloud-based servers and third-party applications for core business processes, digital identity has become the new security perimeter, and companies are investing heavily in developing decentralized IAM solutions to keep data secure and private. Simultaneously, physical IAM (PIAM) continues to gain traction as TrueFace raises $3.7 million for expansion of its biometric threat identification service.

Our IAM research report delves into the fundamentals of the IAM landscape and our predictions for how the industry will evolve.

 

The Top Deals Covered by OWI this Week

 

BlueTalon \ bluetalon.com \ Founded in 2013

Provider of a data-centric security software designed to protect data at all times while allowing it to flow freely and securely anywhere. The company’s security software secures all sensitive data streams into Hadoop batch analytics clusters from public cloud, private cloud, relational databases, mobile devices and onsite SQL server, enabling customers to have visibility and control over their data set, reducing the data security chaos and eliminating the blind spots created at the data layer by fragmented and piecemeal data security systems.

The company was acquired by Microsoft (NAS: MSFT) for an undisclosed amount on July 29, 2019.

 

TrueFace \ trueface.ai \ Founded in 2012

Provider of a facial recognition platform intended to make immediate decisions based on identified patterns. The company’s platform applies advanced computer vision technology to camera footage and images, enabling users to identify persons of interest and objects easily.

The company raised $3.7 million from Lavrock Ventures, Scout Ventures, and Advantage Ventures. Proceeds will be used to scale the partnerships team and drive expansion.

 

DataGrail \ datagrail.io \ Founded in 2018

Developer of a personal data privacy platform designed for personal data management across leading third-party systems. The company’s platform provides seamless integration with favorite third-party systems, offers complete control over communication preferences and eliminate human error and manual processing of data export and deletion requests, enabling users to control their communication preferences across a customer-facing application.

The company raised $5.2 million of Series A1 venture funding in a deal led by Okta Ventures and Cloud Apps Capital Partners on July 30, 2019, putting the company’s pre-money valuation at $20.8 million.

 

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Investor Highlight

 

Scout Ventures \ scoutventures.comFounded in 2009

Description of Investor

Scout Ventures is a venture capital firm that seeks to invest in early stage companies operating in the SaaS, mobile, adtech, robotics, drones and virtual reality sectors. The firm is based in New York, New York.

Active Portfolio – 44

Investments (TTM) – 7

Med. Round Amount – $1.87M 

Med. Valuation – $9.93M

# of Exits – 30

Deal History

In the past year, Founder Collective has invested in the following 4 identity companies:

Trueface

CYR3CON

Unite US

Anno.Ai

 

*Source: PitchBook Data Inc. with proprietary keyword searches set by OWI Analysts