AppViewX raises $20M; Opens New 100 Seater Facility in India

The automation and orchestration platform AppViewX, based in Seattle, raised $20 million in a Series B financing that was primarily spearheaded by current investor Brighton Park Capital.

By safeguarding and coordinating business identities and apps, AppViewX will leverage the additional investment to maximise its go-to-market operations, product development, and overall revenue growth plans. This will help Global 2,000 organisations decrease risk, the Seattle based startup said in a statement.

AppViewX 100-seater global centre of excellence in Bengaluru Opens

Anand Purushothaman, Co-founder, AppViewX, said, “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.”

The revenue for AppViewX’s SaaS products has undergone a major change. Although the COVID-19 pandemic has caused issues for the whole sector, the startup has nearly doubled its personnel since 2019, strengthening its customer success, engineering, and go-to-market teams around the world.

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.”

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