Paris-based Memority raises €13M in Series A round
Summary
Paris-based Memority, a company reinventing identity and access management, has completed its first Series A financing round, raising 13M. The capital will support the companys expansion in Europe in Identity and Access Management (IAM).The investment was led by Tikehau Capital, an alternative asset management group, via Brienne, its private equity strategy dedicated to cybersecurity.Cybersecurity has become a key concern for organisations as cyberattacks rise. Its four founders, Gilles Cast\xe9ran, Francis Gr\xe9goire, Alexis de Calan and Phouric Ung, bring experience in IAM and offer a European platform for Identity-as-a-Service.The companys Identity Factory is a SaaS platform that manages identity and access for employees, partners, customers, and connected devices. The platform combines identity and access management to address cybersecurity, user needs, and business goals.It provides authentication and access control through offerings such as IDaaS, IGA, CIAM, SSO, Federation, and MFA, creating a centralised system for identity and access management.Memoritys platform aims to help customers shorten IAM project timelines, reduce ownership costs, improve visibility over identity and access, and speed up business transformation.The funds will support faster development and rollout of the Memority platforms technology plan. It will also help expand the sales team and increase the companys presence across Europe.Gilles Cast\xe9ran, CEO of Memority, says, In a context of accelerating digitalisation, technological autonomy and the search for operational performance, we are building a European champion by reinventing identity and access management for European companies and organisations.After a year of strong growth in 2024, during which both large and mid-sized companies placed their trust in us, Tikehau Capitals investment will enable us to accelerate our international development, adds Cast\xe9ran.