Herndon cybersecurity startup Strivacity raises $20M to nearly double in size

Herndon cybersecurity startup Strivacity Inc. has raised $20 million in new funding to push forward on its research and bolster its sales, marketing and engineering teams, ultimately planning to grow the 42-person company to 70 in the next 12 months.

San Francisco’s SignalFire led the Series A2 round, joined by Ten Eleven Ventures, a Boston venture firm that focuses on cybersecurity venture. The round’s other investors include Kevin Mandia, CEO of Reston cybersecurity company Mandiant, now an arm of Google, as well as Jack Huffard, co-founder of Columbia-based cybersecurity company Tenable (NASDAQ: TENB), who will join Strivacity as executive chairman.

As part of the investment, Chris Scoggins, a partner at SignalFire, will also join Strivacity’s board.

Strivacity, founded in 2019, helps clients manage and verify customer identity and access, from when a person registers for an online service or enters personal and contact information, be it for a mobile bank account, a retail…

Read the full story from the Washington Business Journal.

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