Identity Engines
May 23, 2006
Startup Identity Engines clinched $13 million in Series B funding today, although lack of customer demand has forced the identity management startup to shelve plans to tackle the storage market. (See Identity Engines Raises $13M.)
The round, which included Trinity Ventures, Horizon Ventures, and Lightspeed Venture Partners, brings Identity Engines' total funding to just under $22 million. (See Identity Engines ID's $8.7M.)
The cash influx comes just seven months after the company unveiled its flagship Ignition product, a device that lets users set access control policies across different networking technologies, including firewalls, routers, and switches, as well as user repositories and authentication systems, such as Microsoft Active Directory and RSAs authentication server.
Originally, Identity Engines had planned to extend its reach to SAN and NAS boxes. The vendor had already teamed up with a storage virtualization firm to develop a storage security framework. (See Identity Engines Starts Ignition.)
"The relationship still exists, although there is no ongoing activity from a product development standpoint," explains Roy Chua, Identity Engines' vice president of marketing, blaming lack of customer demand. "Identity management on back-end storage systems is not happening yet -- people are still focusing on their network layer," he adds, explaining that he is seeing much more demand for securing the likes of wireless devices.
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