Total amount raised
$26.1 Millions
Latest funding date
Location
SailPoint has successfully raised significant funding over multiple rounds, culminating in its acquisition by Thoma Bravo for $6.9 billion. The company specializes in identity and access management solutions, offering products like Identity Security Cloud and IdentityIQ.
Keep reading to explore the intricacies of SailPoint's fundraising journey and the investors backing this innovative platform.
What Is SailPoint?
SailPoint, founded on December 1, 2005, by Kevin Cunningham and Mark McClain, is headquartered in Austin, Texas. The company specializes in identity and access management solutions, helping organizations manage user access and ensure compliance.
With a workforce of 501-1000 employees, SailPoint offers products like IdentityIQ and Identity Security Cloud, which integrate role management and compliance solutions to streamline IT processes and reduce fraud risks.
For more information, visit their official website or their Crunchbase profile.
How Much Funding Has SailPoint Raised?
- Series A
- Amount Raised: $4.5M
- Date: January 2006
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and establish market presence.
- Series B
- Amount Raised: $10M
- Date: January 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and increase market penetration.
- Series C
- Amount Raised: $6.5M
- Date: August 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Debt Financing
- Amount Raised: $4.8M
- Date: November 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth initiatives.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: August 2014
- Lead Investors: Thoma Bravo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and prepare for potential acquisition.
- Venture Round
- Amount Raised: $247.9K
- Date: December 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund specific strategic initiatives and product enhancements.
Total Amount Raised: $26.05M. Current Valuation: $6.9B.
Key Investors
- Thoma Bravo
- Details: Thoma Bravo is a leading private equity firm with a focus on software and technology-enabled services. They acquired SailPoint for $6.9 billion in April 2022.
- Investment Focus Areas: Software, technology-enabled services.
- Notable Investments: SolarWinds, McAfee, Barracuda Networks.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that invests in the enterprise and consumer sectors. They have a strong track record of backing successful startups.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Snap, GrubHub, Nest.
- Austin Ventures
- Details: Austin Ventures is a venture capital firm that provides early-stage and growth capital. They have a significant presence in the technology and business services sectors.
- Investment Focus Areas: Technology, business services.
- Notable Investments: HomeAway, Bazaarvoice, RetailMeNot.
- Silverton Partners
- Details: Silverton Partners is an early-stage venture capital firm. They focus on investing in technology companies at the seed and Series A stages.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: WP Engine, SpareFoot, The Zebra.
- Beacon Capital
- Details: Beacon Capital is an investment firm that focuses on real estate and technology sectors. They have a diverse portfolio of investments.
- Investment Focus Areas: Real estate, technology.
- Notable Investments: Not publicly disclosed.
What's Next for SailPoint?
SailPoint stands at the forefront of identity security, with opportunities spanning across various industries such as education, financial services, and healthcare. Their advanced solutions, including Identity Security Cloud and Data Access Security, position them to capitalize on the growing demand for robust cybersecurity measures. The company's global reach and innovative products suggest a significant potential for expansion.
Future fundraising could be on the horizon as SailPoint continues to innovate and expand its market presence. However, challenges such as managing complex identity access and ensuring compliance across different regions may require substantial investment in research and development. Staying ahead of cyber threats will be crucial for their sustained growth.
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