Strata Identity Appoints Granville Schmidt As Chief Architect

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A startup called Strata Identity working in the area of identity orchestration, a platform that promises to bridge those gaps, is today announcing a round of funding, underscoring the market demand for tools like these. The company has raised $26 million in a Series B round, which it will be using to continue expanding its business. Typically the companies it’s working with might use between six and 10 identity management tools, with Okta for example covering some services, but not able to cover on-premise applications; and Microsoft covering others, an issue that becomes compounded with businesses acquire or merge with other businesses. He says the effect is akin to VMware’s with its virtualization of IT environments, but most importantly, the connectors that Strata has built to work with other identity products saves customers potentially millions of dollars that they would have had to dedicate to re-writing applications or adopting new ones so that everything can be managed in a more cohesive way.The company is not disclosing revenue figures but says that they have grown more than 350% in the last year. Strata is focused right now on North America primarily, but Bartram told TechCrunch that the plan will be to help the company scale in Asia Pacific, likely in 2024.