Telstra Ventures, a venture capital firm, led a $26m Series B funding round in Strata Identity, a company provides distributed multi-cloud identity orchestration for hybrid and multi-cloud environments, with participation from Menlo Ventures, Forgepoint Capital and Innovating Capital. “Strata is disrupting the traditional proprietary identity management model by making it possible for legacy and cloud identity systems to interoperate, all without the need to modify applications. We believe the company’s first-of-its-kind identity orchestration platform has the potential to eliminate decades of vendor lock-in for customers and slingshot Strata to the top of the identity market leader board,” Marcus Bartram, Telstra Ventures General Partner.