End of Life (EOL) is inevitable for most products. There comes a time when it simply no longer makes sense to keep investing in something. It could be that the product is not generating enough revenue (Sony Playstation Vita), or a miscalculation was made in a diversification strategy (remember New Coke?).
To take Strata to the next level, we're announcing that we’ve raised an $11M Series A, led by outstanding new investor Menlo Ventures. They sincerely believe in our disruptive vision for Identity Orchestration. With this round, Strata deeply extends our bench depth and experience. This funding puts us in the position to help more customers succeed in moving to multi-cloud environments. Strata will use this capital to scale our distributed identity technology and develop the Identity Orchestration market.