Procyon Launches Next Generation Cloud Based Privilege Access Management (Pam) Solution For Multi-Cloud Identity And Access Management; The Company Also Announced $6.5M In Funding
Amount Raised
$6.5 Million
Round Type
Funding Round
Santa ClaraInformation TechnologySoftwareSaaSInvestors
Description
Procyon, the industry's first Privilege Access Management platform built for multi-cloud environments, today announced a $6.5 million equity financing to help organizations harness the growing identity and access management sprawl in cloud environments. The new investment was led by Lobby Capital with participation from GTM Capital and First Rays Venture Partners. This funding comes as Procyon, which already counts Fortune 100 companies among its early adopters, releases the industry's first privilege access management solution built from the ground up for cloud native environments.
Quick answer
Procyon raised $6.5 Million in a Funding Round round, dated February 14, 2023. Investors: Procyon, First Rays Venture Partners, GTM Capital and Lobby Capital. Procyon is based in Santa Clara, California, United States.
- How much did Procyon raise?
- Procyon raised $6.5 Million in a Funding Round round on February 14, 2023.
- Who invested in Procyon?
- Procyon, First Rays Venture Partners, GTM Capital and Lobby Capital are named as investors in this round.
- What does Procyon do?
- Procyon's Privilege Access Management solution, built from the ground up for multi-cloud and API based infrastructure, makes it easy for enterprises to manage privileges and access to critical resources.
- Where is Procyon based and how big is it?
- Procyon is based in Santa Clara, California, United States.
- Who are the decision-makers at Procyon?
- Fundz holds 1 contact at Procyon, including the Co-Founder & CTO/VPEng. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in SaaS and Software around the same time
Companies in the same sectors as Procyon that raised within 45 days of this round, from Fundz verified event records.
- entrio raised $7.5M (Funding Round) on March 31, 2023.
- Translucent raised $3.5M (Seed) on March 30, 2023.
- Anvil raised $10M (Series A) on March 30, 2023.
- Navix raised $5M (Seed) on March 28, 2023.
- Workera raised $24M (Series B) on March 23, 2023.
- LokiBots raised an undisclosed amount (Funding Round) on March 18, 2023.
Who to call at Procyon, and when
A new round usually means Procyon is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Procyon raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Procyon, from your own LinkedIn network
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Related People
Procyon raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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