[Funding alert] Automation startup AppViewX raises $20 mn in Series B round

AppViewX, an automation platform has raised $20 million in its Series B funding round from existing investor Brighton Park Capital.

The company plans to use the funds to maximize its go-to-market operations, product development and overall revenue growth strategies to help 2,000 global organizations reduce risk by securing and streamlining enterprise identities and applications.

The company also announced the opening of its 100-seater Global Center of Excellence in Bengaluru.

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New York-based AppViewX was founded in 2008 by Anand Purusothaman, Its platform is a modular software application that enables automation and orchestration of network infrastructure using context-aware, visual workflows.

Through its automation platform, the startup mitigates risk and ensures compliance in the most demanding Fortune-ranked organizations in financial services, banking, healthcare, oil and gas, manufacturing and high-tech.

“Bengaluru has emerged as the largest innovation hotspot in India and home to some of the brightest tech talents in the region. As we scale globally, it was important for us to have a presence here in order to tap into this talent pool. We expect the Bengaluru centre to scale rapidly over the next couple of years as we continue to grow our global teams to further our mission towards cementing AppViewX as a frontrunner in the Machine Identity Management space”, said, Anand Purushothaman, Co-founder, AppViewX.

The startup is seeing a significant turnaround in revenue for its SaaS offerings. Despite industry-wide challenges from the COVID-19 pandemic, it has nearly doubled its workforce since 2019, bolstering its customer success, engineering and go-to-market teams around the world.

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Mike Gregoire, Partner and Co-founder, Brighton Park, said, “AppViewX is doing just that, automating Machine Identity Management to help some of the world’s biggest organisations prove success on board-level topics like business risk reduction and compliance. We look forward to continuing our partnership with AppViewX as the company continues to innovate and advance the Machine Identity space forward.”

About AppViewX

AppViewX is revolutionizing the way NetOps and DevSecOps teams deliver Machine Identity Management and Application Delivery Automation solutions to enterprise IT. The AppViewX Platform is a modular software application that enables the automation and orchestration of network infrastructure and public key infrastructure (PKI) using an intuitive, context-aware, visual workflow. It quickly and easily translates business requirements into automation workflows that improve agility, enforce compliance, eliminate errors, and reduce cost.

A key player in the machine identity management space, AppViewX CERT+ helps secure some of the most demanding Fortune 1000 organizations in financial services and banking, healthcare, oil and gas, manufacturing, and high tech.

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CERT+ is a next gen machine identity and PKI management suite that allows for end-to-end automation of certificate and key lifecycles across environments and vendors. It makes certificate management streamlined and efficient, allowing for endless upward scalability and cryptographic agility.

AppViewX customers include a significant number of Fortune 500 companies which use the AppViewX Platform at scale. AppViewX is headquartered in New York City with additional offices in the U.S., U.K., Australia and India.