CyberTech startup Oleria secures $8m in its seed

CyberTech startup Oleria secures $8m in its seed

CyberTech startup Oleria has secured $8m in its seed funding round, which was led by Salesforce Ventures.

Commitments to the round also came from Tapestry VC and unnamed angel investors, which include CEOs and CISOs of prominent tech and security companies.

Oleria was founded by former salesforce chief trust officer Jim Alkove and former JumpCloud chief product officer Jagadeesh Kunda. The company aims to create a world where organisations can have both speed of innovation and strong security.

Oleria provides adaptive security solutions that allow organisations to continuously respond to their needs. It claims its technology allows companies to grow whilst ensuring sensitive data is secure.

Oleria CEO and co-founder Jim Alkove said, “I’ve spent my career in some of the largest companies in the world and have been continuously frustrated by the efforts expended to give just the right people the right access at the right time, only to be disappointed time and again.

“Oleria provides adaptive and autonomous security that scales with businesses and provides the freedom to pursue business objectives, while offering CISOs peace of mind that access is appropriate and risk is minimised. When businesses are secure, they are free to innovate and keep pace with our changing world.”

In other CyberTech news, Fenix24, a cyber disaster recovery firm that is transforming the post-breach restoration process and impact, raised $5m in funding.

The firm claims to have redesigned the recovery paradigm after recognising that traditional breach response could not manage foreign adversaries’ increasingly destructive tactics and the corresponding increase in business downtime and interruption.

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