New Funding Round and Positive Industry Analyst Outlooks Point to Accelerated Growth for Brazilian-based Privileged Access Management (PAM) Company

Senhasegura, an award-winning Privileged Access Management (PAM) solution provider, has put together a powerful combination of new technology for the exploding Privileged Access Management (PAM) market, new key management hires, expanded technical and channel marketing organizations, positive reviews from prominent industry analysts and a new round of investment that positions the company for global growth in 2023.

Analyst firms Gartner, KuppingerCole and Frost & Sullivan have all listed Senhasegura in leadership positions in their respective 2022 reports. Gartner recognized the company as a Leader in the Gartner Voice of the Customer 2022 and KuppingerCole noted Senhasegura as a Leader in its PAM Leadership Compass. In addition, Frost & Sullivan awarded the Company a 2022 “Customer Value Leadership Award” in recognition that Senhasegura’s customers find the Company’s products and services superior for the overall price, performance, and quality.

Earlier this month, Senhasegura announced a $13 million Series A investment from Graphene Ventures, a Palo Alto-based investor focused on the enterprise software and SaaS sectors. This funding is targeted to support the Company’s expansion into the North American and Middle East markets.

Senhasegura officially launched its North American operations in August, with the opening of new offices in San Francisco and New York. The Company plans to build an international center of excellence in the U.S. to support its new operations.

“Our results for the past year have exceeded every expectation by our management team, investors, employees and customers,” said Marcus Scharra, Co-CEO and Co-Founder of Senhasegura. “All of the pieces are in place and we have the tools we need to succeed. It’s time to execute in 2023 and leverage our excellent technology to further grow our share of the PAM market.”

Senhasegura offers the 360º Privilege Platform, an integrated all-in-one solution for privileged access; key features include:

• Centralized machine identity management, including privileged access.
• Potential to adapt to future requirement.
• Low total cost of ownership.
• A superior solution for account discovery and onboarding.
• Available as both a software and hardware-based solution.
• Positive feedback from customers about ease of use, friendly interface, and fast implementation features.
• Highly competitive price.

The global PAM market protects privileged identities that are increasingly under attack. This market is projected to reach $19.73 billion by 2030. The industry’s leading analysts, including Gartner, Frost & Sullivan, and KuppingerCole, have recognized Senhasegura as a technology leader in the multi-billion-dollar PAM market and have ranked the company as a leader and visionary in their Leadership Compass and Magic Quadrant.

About Senhasegura

Senhasegura is committed to helping companies become more secure and resilient by stopping privilege abuse from inside and outside the organization. Senhasegura’s award-winning 360º Privilege Platform addresses the entire privileged access management lifecycle, including before, during, and after access, and plays a critical role in implementing a robust zero trust architecture. Headquartered in Brazil, Senhasegura is a global leader with customers in over 55 countries throughout Latin America, North America, Asia-Pacific, Europe, the Middle East, and Africa. The Company’s PAM solution is distributed through an international network of more than 150 value-added, trusted channel partners. For more information, go to https://senhasegura.com or follow us on Twitter @senha_segura.

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