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SGNL raises $30 million in Series A funding to advance identity-first security, replacing outdated access management models that rely on static credentials. Its approach automates access decisions in real time, reducing security risks, compliance challenges, and operational complexity. Fortune 50 companies are already adopting SGNL’s solution, streamlining permissions while enhancing enterprise security.
Legacy Access Management Fails in a Cloud-First World
Traditional identity and access management (IAM) systems were designed for static, on-premises environments. These legacy models rely on pre-assigned roles and standing access, making them ineffective for modern enterprises operating in cloud-based and hybrid infrastructures. Organizations that continue using outdated IAM solutions face increasing security risks, compliance challenges, and operational inefficiencies.
Despite the IAM market exceeding $19 billion in 2024, nearly 90% of enterprises reported identity-related security incidents within the same timeframe. Static role-based access controls often grant excessive permissions, leaving businesses vulnerable to credential misuse, insider threats, and unauthorized access. As organizations scale, managing these permissions becomes increasingly complex, leading to security gaps that attackers exploit.
SGNL Gains Investor Confidence with a $30M Series A Round
SGNL secured $30 million in Series A funding to further its mission of modernizing enterprise access management. The investment round was led by Brightmind Partners, a security-focused firm co-founded by Stephen Ward, a former Partner at Insight Partners and an ex-Secret Service cybersecurity leader. Additional funding came from Microsoft’s M12, Cisco Investments, and Costanoa Ventures, reinforcing industry confidence in SGNL’s identity-first approach.
Since its founding in 2021, SGNL has raised a total of $42 million. The latest funding will support product development, market expansion, and customer success efforts. By strengthening its go-to-market strategy and advancing its security technology, SGNL aims to provide a scalable and intelligent solution for organizations struggling with access management challenges.
Why Enterprises Shift to Identity-First Security
Legacy access management systems operate on static credentials and manual approvals, creating security gaps and operational burdens. These traditional solutions often require extensive maintenance, adding complexity without delivering adaptive security. Organizations that rely on standing access expose critical systems to potential misuse, making identity-based attacks a growing concern.
SGNL’s model eliminates standing access and automates access decisions in real time. Instead of managing a complex web of pre-assigned roles, enterprises can implement dynamic access policies that grant permissions only when needed. This approach improves security posture while reducing administrative overhead.
Key advantages of identity-first security:
- Eliminates standing access: Permissions are granted only when necessary, reducing the attack surface.
- Enhances compliance: Automated controls simplify audits and regulatory adherence.
- Reduces operational costs: Less manual intervention and role maintenance improve efficiency.
- Minimizes insider risk: Temporary access ensures that employees, contractors, and partners have permissions only as required.
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Fortune 50 Companies Adopt SGNL for Scalable Access Control
Enterprises investing heavily in privileged access management (PAM) and identity governance and administration (IGA) tools often find that these solutions introduce more complexity rather than improving security. Organizations expect streamlined access controls but instead face increased costs and administrative challenges.
SGNL has gained traction with multiple Fortune 50 companies that have replaced traditional access management systems with its dynamic approach. One enterprise reduced its role assignments from 30,000 to just six policies, significantly improving security while simplifying operations. As more organizations recognize the limitations of legacy IAM and PAM models, demand for flexible, real-time access management solutions continues to grow.
What’s Next for SGNL as It Expands Its Reach
With fresh funding, SGNL is scaling its operations and investing in key areas that will drive broader adoption of its security model. The company is focusing on:
- Talent acquisition: Expanding its team with security and product development experts.
- Open standards and integrations: Strengthening alignment with industry frameworks and security ecosystems.
- Market expansion: Growing adoption among enterprises looking for modern identity-first solutions.
These strategic initiatives will help SGNL meet the increasing demand for intelligent access management while reinforcing its position as a leader in identity-first security.
The Growing Importance of Modern Access Security
Organizations face an evolving threat landscape where static credentials and role-based access controls no longer provide sufficient protection. Enterprises need security models that adapt in real time, minimizing the risk of unauthorized access and data breaches.
Identity-first security offers a scalable and efficient way to manage access in cloud-first environments. By eliminating unnecessary privileges and automating permissions, businesses can improve security while reducing compliance burdens. As enterprises reassess their access management strategies, solutions like SGNL’s model provide a path forward, ensuring that security policies evolve alongside business needs.
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