Strong Revenue Growth:
Company communications frequently cite more than 100% year-over-year growth, “tens of millions” in new ARR, and expansion to 1,000+ enterprise customers across 2024–2026. Momentum is reinforced by claims of adding 100+ customers per quarter and high gross retention.
Investor Backing & Capital Strength:
A $116M Series D in January 2024 lifted total funding to about $222M and was reported around a $1B valuation, indicating strong investor confidence and liquidity to execute. The shift to a partner‑first sales model and board/executive additions further suggest resourcing for scale.
Innovation-Driven Growth:
Ongoing product expansion—such as Access Intelligence, Identity Graph & Inventory, Privileged Access Security, Identity‑First Incident Response, and AI Agent Security—along with the Rezonate acquisition signals a fast‑moving roadmap. Differentiation centers on agentless/proxyless MFA and protection for legacy, AD‑centric, and non‑human identities.
