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Synopsis
Storm Ventures, a venture firm that specializes in building enterprise leaders, and Toba Capital, an early-stage investment firm, led a $14m Series A round in Clear Skye, a company which delivers a complete Identity and access governance solution built on the servicenow platform, with participation from Point Field Partners and Inner Loop Capital. "Today, workers have access to many more applications, which poses a challenge for identity and governance teams that are tasked with access control, managing compliance, and monitoring individual and enterprise-wide threats. Clear Skye addresses this need through a modern platform without the pain of replacing legacy IT systems. Our investment in the company reinforces our belief in the value of extending identity beyond risk and security to embrace enhanced operations and IT workflows that improve overall business outcomes,” Arun Penmetsa, Storm Ventures Partner.
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