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To provide a common access control, authorization and identity infrastructure that manages IAM and the associated data created in cloud applications.
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Munich-based Ory has built a zero-trust, cloud-native identity layer for the internet, enabling developers and organisations to implement identity across their software stacks, without any privacy and security risks.
Demand for these services is rife as rising cyberattacks have prompted many companies to consider adopting a zero-trust architecture, which is said to enhance security efficacy by stopping data breaches by 144%. Indeed, Ory’s architecture is one leading companies are keen to deploy, with clients including Sainsbury’s and Blues Wireless.
The company recent funding will be used to build out its global network infrastructure, as well as setting up data privacy and GDPR-compliant processes, whilst launching a Security Operations Centre. With these ambitious plans and set within a ever-growing market, Ory Corp has great potential for growth.
Freddie
Company Specialist at Welcome to the Jungle
Apr 2024
$5m
SERIES A
Dec 2021
$22.5m
SERIES A
This company has top investors
Aeneas Rekkas
(CTO)Previously co-founded Serlo Education e.V and Ory Software Foundation, acting here as CEO. Experience in Cloud Innovation for Deutsche Börse.
Thomas Aidan Curran
(Board Member)Previously co-founded Ory Software Foundation and founded Component Software and Curran Software, acting as CTO for both, a position also held at Hybris AG. Most recently served as Innovation and Technology Advisor and Managing Director of DB1 Ventures for Deutsche Börse.