Curity, a Stockholm-based cybersecurity company, has announced a sizeable investment, but did not disclose its size.
Specialising in API-driven identity management, Curity provides solutions to many enterprises looking to secure access to their digital services.
The financial details of the investment remain undisclosed, but the benefactor is GRO, a Danish private equity fund. GRO has chosen to support Curity’s quest to scale their global operations, acknowledging the company’s expertise and growth potential in the expanding cybersecurity landscape.
Curity’s core offering is its identity server, which is utilised for logging in and securing millions of users’ access to web and mobile applications, as well as APIs and microservices. This service is particularly valued by large organisations in sectors such as financial services, telecoms, retail, energy, and government services, all of which require enterprise-grade API access security.
With this fresh injection of funds, Curity plans to accelerate product innovation and its international presence. The company’s vision is to make the internet safer and the partnership with GRO is expected to expedite this mission.
Further details on the investment include GRO’s strategic alignment with Curity. The private equity fund’s understanding of the B2B tech market and its resources made it an ideal partner for Curity.
Curity CEO Travis Spencer said, “This is an important milestone for Curity, and we are looking forward to working with GRO. They understand our product and market, and most importantly our vision to make the internet safer.”
On the investor side, Morten Weicher, Partner at GRO, commented, “Curity contributes significantly to making the digital world safer and more secure, and we are excited to support the company on its ambitious scaling journey.”
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