Receives $20.5M Series B Funding to Support Surging Customer Growth

The investment comes at a time of strong momentum marked by more than 300% year-over-year revenue growth fueled by major customer wins across financial, retail, high-tech and other industry verticals.Britive Answers the Call for an Industry-Changing Cloud Privileged Identity Management SolutionThroughout our involvement in enterprise security, weve seen Just-in-time (JIT) privileged access management emerge as an industry need. This funding is a testament to our platforms success in meeting the cloud security needs of Fortune 500 companies and medium to large enterprises alike, said Art Poghosyan, CEO of Britive. With this investment, Britive is well positioned to continuously evolve our technology and expand our go-to-market and customer success capabilities to support our growing portfolio of enterprise clients.According to Verizons most recent Data Breach Investigations Report, 82% of data breaches involve a human element, including the use of stolen credentials to access enterprise IT networks, increasing the impetus for companies to build towards a zero-trust security posture. The Britive platform empowers teams across cloud infrastructure, DevOps, and security functions with dynamic and intelligent privileged access administration solutions for multi-cloud environments. Customers include medium to large businesses and Fortune 500 enterprises across healthcare, automotive, retail, media & entertainment, and other industries.