Seattle-Based Cybersecurity Startup Oleria Raises $30.8 Million in Equity Funding

Seattle-based cybersecurity startup Oleria raises $30.8 million in equity funding, according to a recent Securities and Exchange Commission filing. The equity raise follows Oleria's $8 million seed funding nine months ago. Oleria's innovative approach focuses on making security clearances more dynamic within enterprises, allowing real-time adjustments to data access based on evolving requirements. CEO Jim Alkove emphasizes the need for continuous changes in data access, as opposed to the conventional monthly or quarterly adjustments, reducing security risks.

Oleria, founded in 2022, originally had less than ten employees during its seed round and launch out of stealth in March. The startup's headquarters are noted as Seattle, and it plans to maintain its presence there as it expands. Oleria's leadership includes CEO Jim Alkove, former chief trust officer at Salesforce, and Chief Product Officer Jagadeesh Kunda, previously the chief product officer of JumpCloud.

Support for Oleria comes from prominent backers, including Salesforce Ventures, Tapestry VC, and former Tanium CEO Orion Hindawi. The startup aims to address security challenges in enterprises by offering a dynamic approach to data access, allowing for more granular and timely adjustments based on changing needs.