The IT authorisation software provider, which counts SAP as an investor, will put the funding into international expansion.
PlainID, a US-based digital authorisation technology provider backed by enterprise software producer SAP, raised $11m from new and existing investors yesterday.
The participants include Viola Ventures, INcapital Ventures, Capri Ventures, iAngels, Springtide Ventures and Vintage Investment Partners, according to PlainID. SAP invested an undisclosed amount in the company in February this year.
Founded in 2015, PlainID has built a policy-based access control system that can help equip legacy IT systems with cutting edge authorisation technology across a range of platforms.
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