Oleria

Overview

Oleria is a cybersecurity company focused on providing adaptive and autonomous identity security solutions to enterprises. Founded in 2022, the company is based in Bellevue, Washington. The company was founded by Jim Alkove and Jagadeesh Kunda, both of whom have extensive experience in leading security programs at major tech companies such as Salesforce, Amazon, and Microsoft. As of 2024, Oleria has raised over $40 million in funding from investors including Evolution Equity Partners, Salesforce Ventures, Tapestry VC, and Zscaler.

Recent Developments

October 2024: Oleria committed to the Cybersecurity and Infrastructure Security Agency’s (CISA) Secure by Design Pledge, which aligns with its mission to enhance identity security by reducing vulnerabilities and improving security transparency.[^1]
June 2024: The World Economic Forum named Oleria as a 2024 Technology Pioneer, highlighting its innovative approach to identity security, especially given the growing threat landscape with an increase in identity-based attacks.[^4]
April 2024: Oleria announced the general availability of Oleria Adaptive Security, powered by the Trustfusion Platform. This platform provides fine-grained access visibility and aims to modernize access management by offering real-time risk monitoring and compliance features.[^9]
March 2024: The company expanded its engineering operations to Bangalore, India, to tap into local tech talent and accelerate the innovation of its identity security solutions.[^8]
January 2024: Oleria raised $33 million in a Series A funding round to drive product innovation and market expansion. This funding will help enhance their platform's AI capabilities and scale their marketing and sales efforts.[^6]

Attribute	Information
Founding Date	2022
Headquarters	Bellevue, Washington, USA
Founders	Jim Alkove, Jagadeesh Kunda
Revenue	Not publicly disclosed
Profits	Not publicly disclosed
Key Investors	Evolution Equity Partners, Salesforce Ventures, Tapestry VC, Zscaler
Industry	Cybersecurity, Identity Security
Number of Employees	Approximately 46 as of 2024

Early History

Oleria was founded in early 2022 by Jim Alkove and Jagadeesh Kunda, both veterans in cybersecurity. The company emerged from stealth mode in March 2023 after securing $8 million in seed funding. The founders, drawing from their extensive experience at companies like Salesforce and Microsoft, aimed to address significant gaps in identity security. Oleria’s initial offerings focused on adaptive identity solutions that cater to the dynamic security needs of enterprises, allowing businesses to maintain security without compromising agility.

Company Profile and Achievements

Oleria's business model focuses on adaptive and autonomous identity security solutions. Its platform utilizes advanced AI and analytics to provide real-time insights and manage access risks effectively. Key achievements include:

Funding Milestones: Oleria raised over $40 million through multiple funding rounds, including a notable $33 million Series A round in January 2024.
Technology Pioneer: Recognition by the World Economic Forum as a Technology Pioneer in 2024 underscored the company’s leadership in cybersecurity innovation.
Product Innovation: The launch of Oleria Adaptive Security demonstrates the company's commitment to advanced solutions that provide comprehensive access management and security automation.
Strategic Expansion: Oleria's expansion into Bangalore signifies its commitment to leveraging global tech talent to enhance product development and innovation.

Current Operations and Market Position

Oleria specializes in providing identity security solutions that empower enterprises to navigate complex security landscapes. Its Trustfusion platform offers unparalleled visibility into access management, enabling businesses to proactively manage risks and ensure compliance. Oleria targets enterprises with over 1,000 employees, providing tools to streamline identity governance and enhance security posture. The company's solutions address the increasing threat of identity-based cyber-attacks by ensuring secure and adaptive access management.

Conclusion

Oleria has rapidly positioned itself as a key player in the cybersecurity sector, focusing on innovative identity security solutions. With robust financial backing and strategic expansions, it continues to enhance its offerings to meet the evolving demands of modern enterprises. As identity security remains a significant challenge, Oleria’s adaptive solutions provide vital protection against identity-based threats, positioning it well for continued growth and impact in the cybersecurity landscape.