“This additional funding is a great vote of confidence in OneLogin’s vision of how companies will put identity first, as well as in the long-term potential of our company to fuel innovation and prepare our customers for a mobile cloud world,” said Thomas Pedersen, Co-founder and CEO of OneLogin. “We plan to use this funding to further invest in strategic product development and further accelerate our growth.”
“Five years from now, every enterprise that uses SaaS will have implemented a cloud-based identity solution,” said Rory O’Driscoll, Partner, Scale Venture Partners. “End users love the simplicity of having a single sign-on for all their applications, while IT can secure and manage the growing number of corporate applications that are running in the cloud. We believe that OneLogin can be the pure-play winner in this market, with its best-of-breed product and a partner-friendly go-to-market model.”
Launched in 2010, OneLogin is the leading provider of a cloud-based identity and access management (IAM) solution, enabling enterprises to secure every application, user and device. The company is now working with more than 1,000 companies from nearly every major industry, including healthcare, financial services, high tech and retail, with users in more than 100 countries worldwide.
OneLogin has been a major driver of the adoption of the SAML single sign-on standard. Out of the 4,000 SaaS applications that are integrated with OneLogin, more than 600 support SAML and half of those have implemented OneLogin’s free SAML toolkit. OneLogin is now building on this success with a new standard for mobile single sign-on called NAPPS (Native Apps), which is part of the OpenID Foundation. “With the NAPPS standard, we are solving the last-mile problem of single sign-on,” explained Pedersen, “and we are looking to build strong partnerships across the entire mobile ecosystem to the benefit of both customers and vendors.”
