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OneLogin Raises $100 Million in Growth Financing to Increase Adoption of Unified Access Management

January 10, 2019 / PRNEWSWIRE

OneLogin, the leader in Unified Access Management, which delivers simple and secure application access and identity management to enterprises, announced it has closed $100 million in growth financing. The financing was led by new investors Greenspring Associates and Silver Lake Waterman, Silver Lake’s late-stage growth capital fund.  The round also includes existing investors CRV and Scale Venture Partners. OneLogin saw accelerated growth and its annual recurring revenue (ARR) nearly triple over the last three years were driven by its leading platform and new executive leadership. OneLogin has received a total of more than $170 million in funding to date. OneLogin will use the capital to accelerate the adoption of its new products, such as Multi-Factor Authentication (MFA), and to serve enterprises in the new Unified Access Management (UAM) category it has pioneered. Unified Access Management enables a cohesive approach to managing access for both SaaS and on-premise applica...