$13 million growth investment drives senhasegura’s expansion in North America and the Middle East
Written by Priscilla Silva
São Paulo, March 10, 2023 – senhasegura, an award-winning Privileged Access Management (PAM) solution provider that protects corporate IT environments and critical resources from cyber threats, announces a $13 million funding round from Graphene Ventures, a Silicon Valley investor focused on the enterprise software and SaaS sectors.
The investment will help senhasegura strengthen its international presence in the Middle East and North America to increase its global footprint, and accelerate product innovation in its flagship 360º Privilege Platform. As a part of this innovation drive, the company launched, in October 2022, the new MySafe senhasegura and will launch, in January 2023, CIEM products – a personal password vault and a Multi-Cloud Infrastructure Entitlements Management tool, respectively.
Marcus Scharra, co-CEO and co-founder of senhasegura, sees strengthening the company?s international team as a logical first step: “Currently, our partners span 55 plus countries, and we have operations in the Americas, Europe, and Asia. I look forward to further increasing our territorial coverage to reach and serve new customers and keep providing the excellent service we are known for.”
Nabil Borhanu, founding partner at Graphene Ventures, will join the company’s board and is excited about senhasegura’s potential: “The founders and team at senhasegura have done an exceptional job in moving the company forward. We are excited about the partnership and want to help them maximize returns in a way that embraces everyone involved.”
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About senhasegura
senhasegura is committed to helping companies become more secure and resilient by stopping privilege abuse from inside and outside the organization. senhasegura’s award-winning 360º Privilege Platform addresses the entire privileged access management lifecycle, including before, during, and after access, and plays a critical role in implementing a robust zero trust architecture. Headquartered in Brazil, senhasegura is a global leader with customers in over 55 countries throughout Latin America, North America, Asia-Pacific, Europe, the Middle East, and Africa. The Company’s PAM solution is distributed through an international network of more than 150 value-added, trusted channel partners. For more information, follow us on LinkedIn, Twitter, Instagram and Facebook.