Automation platform AppViewX raises $20 Mn in Series B funding round led by Brighton Park Capital
- ByStartupStory | July 20, 2022
AppViewX, an automated machine identity management (MIM) and application infrastructure security platform, on Wednesday announced that the company has raised USD 20 million in Series B funding led by growth equity firm and existing investor, Brighton Park Capital (“Brighton Park”)
AppViewX will use the additional investment to enhance its go-to market operations, product enhancement, and overall revenue growth strategies to help Global 2,000 organizations minimize risk by securing and orchestrating enterprise identities and applications.
The organization’s robotization stage lessens the hazards and guarantees consistecy with guidelines in the monetary administrations, banking, medical care, assembling and super advanced areas. Stage is a measured programming application that empowers computerization and coordination of organization foundation and further develops nimbleness, uphold consistency, take out blunders, and diminish cost. Administrations incorporate endorsement lifecycle computerization, lifecycle the board for DevOps, savvy revelation, CLM-as-a-administration and that’s just the beginning.
Anand Purushothaman, Co-founder, AppViewX, said, “Bengaluru has emerged as the largest innovation hotspot in India and home to some of the brightest tech talents in the region. As we scale globally, it was important for us to have a presence here in order to tap into this talent pool. We expect the Bengaluru center to scale rapidly over the next couple of years as we continue to grow our global teams to further our mission towards cementing AppViewX as a frontrunner in the Machine Identity Management space.”
Last month, AI-fueled business automation and learning stages CogniCor raised crisp funding. Its foundation supplies Fortune 500 monetary firms with AI-controlled front and back-office automation services to help improve productivity and redirect employee resources.
Mike Gregoire, Partner and Co-founder, Brighton Park, said, “AppViewX is doing just that, automating Machine Identity Management to help some of the world’s biggest organizations prove success on board-level topics like business risk reduction and compliance. We look forward to continuing our partnership with AppViewX as the company continues to innovate and advance the Machine Identity space forward.”
As a feature of the venture, AppViewX has made three vital recruits. It has named Samantha Symonds as VP of legitimate, Phil Biegler as senior VP, clients and Bryan Grabowski as VP of collusions.
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