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Brazilian PAM Firm Senhasegura Raises $13 Million

By Ionut Arghire on December 06, 2022

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Brazilian privileged entry administration (PAM) options supplier Senhasegura at the moment introduced that it has raised $13 million in a Sequence A funding spherical led by Graphene Ventures.

Based in 2010 and having a market presence in over 55 international locations, the Sao Paulo-based PAM vendor formally launched its North American operations in August this yr.

The corporate goals to deal with the complete privileged entry administration lifecycle with its 360º Privilege Platform, which may also help organizations implement a zero-trust structure, to stop privilege abuse from each inside and outside.

Over the previous yr, Senhasegura, which interprets to ‘safe passwords’ in Portuguese, landed a multi-million-dollar, multi-year PAM contract with Brazil’s largest nationwide protection contractor, added over 150 channel companions, and elevated its buyer base by 89%.

The corporate plans to make use of the brand new funding to speed up product innovation and improve its international footprint, prioritizing the North America and MENA (Center East & North Africa) markets.

Senhasegura’s enlargement plans embrace the launch of the MySafe private password vault in October 2022, together with platform enhancements to cowl cloud safety and entitlements in early 2023.

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