PlainID

Company Overview

Snapshot

Founded in July 2014 by Oren Ohayon Harel, Gal Helemski, and Dmitry Tuchinsky, PlainID operates with 51–200 employees. The company has raised $100 million across 5 funding rounds from 11 investors, with Insight Partners notably leading a Series C round. In August 2023, PlainID was recognized as a 2023 Distinguished Vendor by TAG Cyber, highlighting its proficiency in reducing cyber risk.

Business overview

PlainID provides a comprehensive policy-based access control platform designed to manage, administer, and control asset access across an organization's digital landscape. Its core technology simplifies authorization by converting numerous roles, attributes, and environmental factors into logical smart authorization policies using a graph-database decision engine. The company serves various industries, including financial services, government, healthcare, and insurance, operating within the Cyber Security sector.

Strategic signal

In February 2023, PlainID announced significant milestones for 2022, including the launch of its Authorization-as-a-Service platform and over 50% revenue growth. This indicates strong market traction and a successful expansion strategy, signaling to investors a robust product-market fit and effective execution of its go-to-market initiatives, particularly in high-profile sectors.

Company Intelligence Q&A

What significant recognition did PlainID receive in 2023?

In August 2023, PlainID was selected as a 2023 Distinguished Vendor by TAG Cyber, acknowledging its expertise in reducing cyber risk through its Policy-Based Access Control platform.

What were PlainID's key achievements in 2022?

In February 2023, PlainID reported its 2022 milestones, which included launching the industry's first Authorization-as-a-Service platform, expanding its global sales and marketing team, and achieving over 50% revenue growth. The company also saw nearly 40% growth in global customers across financial services, government, healthcare, and insurance sectors.

When did PlainID join the Identity Defined Security Alliance?

In October 2022, PlainID joined the Identity Defined Security Alliance (IDSA), a vendor-neutral resource focused on securing digital identities, bringing its Policy Based Access Control (PBAC) expertise to the alliance.

What was a key product release for PlainID in 2022?

In August 2022, PlainID announced the general availability release of its SaaS-enabled Authorization Platform, which includes new functionality for Snowflake, Denodo, SDK for SQL, and the.

Which investor led PlainID's Series C funding round?

In December 2021, PlainID raised $75 million in Series C funding, led by Insight Partners, with participation from.