ALMI Invest is a venture capital company which invests in Swedish companies with exciting, scalable business models and motivated entrepreneurs. ALMI Invest consists of eight regionally based venture capital funds, all with local offices and experienced local investment managers. We manage a total of SEK 1 billion. Unlike most venture capitalists, we can invest in a wide range of businesses. A strong team of entrepreneurs, a scalable business model and an initial revenue stream are more important than the line of business when we invest. Our first, initial investment would typically be SEK 2-4 million. During the lifetime of an investment, sums of up to SEK 10 million can be ventured. We always syndicate with an investment partner (another venture capitalist or angel investor) from Sweden or otherwise which means that we can take a maximum of 50 percent of an investment round. ALMI Invest was founded in 2009 by ALMI Fretagspartner together with regional investors. Half of our capital comes from European Union structural funds, which accounts for an investment of SEK 500 million. The other 50 per cent comes from regional investors and ALMI Fretagspartner.

Almi Invest

STOAF, is a business angel fund that focuses on early stage investments with home run potentials in the greater Stockholm area and adjacent provinces. STOAF invests in ventures who want an active skills intervention. STOAF started in 2008. It has today close to twenty partners and has made seven investments so far. The ventures are primary within the ICT and medical technology areas.

Stockholm Business Angels, STOAF

Versasec

ersasec is the leading credential management software service provider for organizations worldwide. In an increasingly connected world with growing numbers of remote workers, cyber threats, and legacy authenticators, Versasec is a cornerstone in every enterprise security implementation to build a zero-trust architecture. Versasec award-winning software is used by companies of all sizes to fulfill their ever-evolving cybersecurity strategies. Versasec provides the necessary credential orchestration to automate and manage the multiple Identity and Access Management (IAM) system. It provides organizations a secure hub for their IAM solution providers: certificate authorities, user directories, HSMs, credentials, and more. Versasec credential management system, vSEC:CMS, is available on-prem, and as a managed service through vSEC:CLOUD with premium support. Versasec supports the most number of credentials in the market, covering the latest modern authenticators and technologies such as PIV/PKI, FIDO, virtual, and physical credentials, as well as RFID for secure access control.  Versasec credential management provides organizations with  an orchestration platform,  where they can efficiently  manage credential lifecycles and customize everyday workflows for a variety of use cases.  Organizations across all industries are empowered to eliminate manual and repetitive time-consuming tasks, disconnected isolated systems, and create a frictionless experience for users and operators. Trusted by organizations and corporations worldwide, Versasec serves the public and private sectors in government, defense, manufacturing, healthcare, financial services, and more. Versasec is headquartered in Stockholm, Sweden.

<div>Versasec provides identity and access management (IAM) software, providing its flagship product vSEC:CMS, a credential management system. The company enables enterprises to deploy and manage various credentials, including virtual and physical smart cards, tokens, Windows Hello for Business, and other PKI-based credentials for strong authentication. vSEC:CMS streamlines credential lifecycle management, from employee onboarding to offboarding, by integrating with enterprise directories, certificate authorities, physical access control systems, and other components.</div>

Ensuring the right people access the right resources at the right time

Identity & Access Management

To enhance enterprise security, Versasec and Microsoft have strengthened their collaboration by releasing a new solution for implementing FIDO2 device-bound passkeys, which are resistant to phishing.

Fortanix

To protect cryptographic processes and master keys used in hardware security modules, enabling secure migration and management of credentials for regulated industries.

Platforms that focus on managing user credentials, including passwords, to ensure secure access to systems, applications, data and resources

New data privacy regulations have opened up space for a new wave of compliance-focused startups.

Digital Privacy Tools

Synthetic data generation, data de-identification and anonymization, and other solutions for managing sensitive data.

Microsoft

Platforms that provide an additional layer of security beyond traditional username and password authentication, including controls such as one-time passwords (OTP), biometric data recognition (such as fingerprint, facial recognition), hardware tokens, or push notifications to mobile devices as a means to strengthen the authentication process

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 Versasec provides identity and access management (IAM) software, providing its flagship product vSEC:CMS, a credential management system. The company enables enterprises to deploy and manage various credentials, including virtual and physical smart cards, tokens, Windows Hello for Business, and other PKI-based credentials for strong authentication. vSEC:CMS streamlines credential lifecycle management, from employee onboarding to offboarding, by integrating with enterprise directories, certificate authorities, physical access control systems, and other components.
 
 
 In April 2022, Versasec released vSEC:CMS 6.3, which introduced FIDO credential management alongside existing PKI capabilities. This version allows administrators to enroll users' FIDO credentials into identity providers like Gluu IdP, combining PKI and FIDO authentication for enhanced security across web services and cloud applications. The software supports various enhancements, such as external permission validation for LDAP directories, Thales eToken PIN management improvements, and performance tracking.
 
 
 Versasec provides a comprehensive solution for managing digital identities, enabling organizations to issue, personalize, and orchestrate the lifecycle of credentials directly from its off-the-shelf products. The company's offerings also accommodate physical access management by integrating with access control systems, allowing employees to use a single credential for multiple facilities and systems.
 
 
 Key customers and partnerships
 
 
 In November 2022, Versasec expanded its partnership with Entrust, a leading provider of PKI and authentication solutions. This distribution agreement positions Entrust as a &quot;one-stop-shop&quot; for customers, offering pre-integrated and scalable solutions that combine Versasec's credential management capabilities with Entrust's PKI portfolio. The joint offering encompasses industry-standard protocols, supports credential types like PIV and PIV-I, and provides a unified system for certificate operations and reporting.
 
 
 
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FortifID is a software company that puts individuals back in control of their identity and directly connects individuals to institutions. The company building a network to power secure, trusted &amp; robust consumer data for the digital world, also enabling individuals to seize control over the use of their personal data. They solve the needs ofbusinesses that use, buy or sell personal data, as well as the privacy needs of consumers for business using personal data, for business selling personal data, and for individuals. Their vision is a data solution for the digital age using blockchain and next-gen concepts from MIT. FortifID was founded in 2017 and is based in Mountain View, California, USA.

FortifID

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 Keycloak is an open-source identity and access management (IAM) solution developed by Red Hat. It provides robust user authentication, authorization, and single sign-on (SSO) capabilities, allowing users to securely access multiple applications and services with a single set of credentials. Keycloak supports industry-standard protocols such as OpenID Connect, OAuth 2.0, and SAML 2.0, ensuring interoperability and seamless integration with various applications and frameworks.
 
 
 One of Keycloak's key features is its ability to act as an identity provider (IdP), handling user authentication and attribute assertions. It can also function as a service provider (SP), relying on external IdPs for authentication and authorization. Keycloak offers a user-friendly administration console, where administrators can manage users, roles, and permissions, as well as configure authentication methods, federation settings, and authorization policies.
 
 
 Keycloak supports user federation, allowing it to integrate with existing user stores such as LDAP and Active Directory. It also enables identity brokering, empowering users to authenticate using their existing social media accounts or external identity providers. Additionally, Keycloak provides customizable login pages, password recovery mechanisms, and support for multi-factor authentication, enhancing security and user experience.
 
 
 As an open-source project, Keycloak benefits from community contributions, ensuring its continuous improvement and adaptation to evolving business needs. Organizations can leverage the extensive documentation, forums, and resources provided by the Keycloak community for support and guidance during implementation and customization.
 
 
 
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Keycloak

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 miniOrange provides Identity and Access Management (IAM) solutions offering a range of products, including Single Sign-On (SSO), Multi-Factor Authentication (MFA), and Cloud Access Security Broker (CASB). Its solutions secure access to various applications and cloud services while enabling seamless user experiences.&nbsp;
 
 
 miniOrange's technology allows organizations to implement access control policies based on factors like IP addresses, locations, devices, and time restrictions, providing granular control over data access. Additionally, its solutions integrate with platforms such as Microsoft 365, ServiceNow, Oracle EBS, and Zoom, enabling businesses to enhance security across their digital ecosystems. With a strong focus on compliance and data protection, miniOrange's IAM offerings help enterprises mitigate risks associated with unauthorized access, data breaches, and cyber threats.
 
 
 Key customers and partnerships
 
 
 miniOrange's client base spans various industries, including government entities, healthcare organizations, and enterprises across the US.&nbsp;
 
 
 miniOrange partners with companies like Oracle, Microsoft, ServiceNow, and Zoom, integrating their IAM solutions to secure access to these platforms seamlessly. Its extensive app integration library, comprising over 5,000 applications, allows organizations to optimize resources and costs while streamlining authentication and access management processes.
 
 
 
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miniOrange

One Identity provides identity security solutions focused on protecting and unifying four core elements: Identity Governance and Administration (IGA), Access Management (AM), Privileged Access Management (PAM), and Active Directory Management. The company's solutions help organizations manage identities across on-premises, cloud, and hybrid environments through a modular and integrated approach to user account management. In October 2021, One Identity acquired OneLogin, which expanded its capabilities to include Single Sign-On, multi-factor authentication, directory integration, and user provisioning. The combination allowed customers to take a comprehensive approach to identity security through a unified identity security platform.

One Identity

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 SailPoint provides identity security solutions for enterprises. Its identity governance and administration (IGA) platform, IdentityIQ, allows organizations to manage and secure access to applications, data, and cloud resources across their entire IT infrastructure. IdentityIQ automates user provisioning, access requests, access certifications, and policy enforcement, ensuring that users have the appropriate level of access based on their roles and responsibilities.
 
 
 IdentityIQ integrates with various enterprise systems, including cloud, mobile, and on-premises applications, through connectors and APIs. This integration allows for synchronized user access management across the organization's technology landscape. The platform's key components include, 1)Identity Cube, a centralized repository for user identities and access rights, 2)Policies for enforcing organizational and regulatory standards, 3)Workflows for automating identity-related processes, and 4)Tasks, scheduled or event-driven processes for executing specific activities).
 
 
 SailPoint's identity governance solution helps organizations streamline audit and compliance processes, enhance security posture, and improve operational efficiency. It offers features such as role-based access control (RBAC), separation of duties (SoD) enforcement, password management, and compliance reporting. The platform leverages AI and machine learning (ML) capabilities to automate tasks, analyze identity data, and assist in determining appropriate access levels.
 
 
 In August 2022, SailPoint was acquired by Thoma Bravo in an all-cash transaction valued at ~USD 6.9 billion. Subsequently, it was delisted from the New York Stock Exchange.
 
 
 Key customers and partnerships
 
 
 SailPoint has established partnerships with various technology companies and has a strong customer base spanning multiple industries. Some notable customers are General Electric, Vodafone, ADP, and Western Union. SailPoint has also formed a partnership with Circle Security, a decentralized threat prevention platform, to enhance the security offerings for its customers.
 
 
 SailPoint actively collaborates with industry leaders, such as Cisco and Rapid7, to expand its identity security solutions and integrate with their respective products and services. The company maintains a partner ecosystem, including managed security service providers (MSSPs) and resellers, to facilitate the deployment and adoption of its identity governance solutions across various market segments.
 
 
 
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SailPoint

Platforms that manage and control user access to systems, applications, and resources and govern the policies, processes, and controls necessary to ensure appropriate access levels, permissions, and entitlements are granted to users based on their roles, responsibilities, and organizational requirements

Platforms that manage and maintain controls, policies, and systems that govern the entire lifecycle of an employee's access to company resources, systems, and data

Platforms that manage and secure the digital identities and access rights of customers or users across various applications, services, and resources of an organization

Platforms that enable users to authenticate once and gain access to multiple systems, applications, or services without the need to provide separate credentials for each system or resource access and usage

IAM solutions enable personalization by tailoring user rights, roles, and access to services based on individual profiles

IAM solutions enhance transparency and accountability by controlling user access, monitoring activity, facilitating audits, and preventing unauthorized access, ensuring business data integrity

AI/ML in IAM help automate risk analysis, anomaly detection, and adapt access controls, improving security.

Certain customer IAM providers also offer biometric authentication solutions

This is a key demand driver for IAM solutions as companies switch to a hybrid work environment, driving the increased need to manage user identity and access to organizational resources

Companies offering IAM solutions offer their solutions under a B2B SaaS model

PROMINENT_CATEGORY

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 Cybersecurity company Fortanix and identity management corporation Versasec has formed a partnership to enhance protection over cryptographic procedures as well as master keys utilized in hardware security modules. The alliance intends to safeguard master keys used in crypto functions, securely oversee credential keys, and maintain compliance with security principles while eliminating unauthorized access and meddling.
 This collaboration involves the fusion of Fortanix's key supervision capabilities and Versasec's vSEC:CMS credential administration system. It allows for the safe migration of master keys from exterior hardware security modules, with emphasis on regulated sectors such as banking, healthcare, and government departments.
 
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Versasec

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