Bitium is a cloud-based identity platform specializing in single sign-on, credential management, and analytics for midmarket and enterprise companies. Founded in 2012, the company's goal is to provide organizations with the capability to securely manage access to all their web-based applications in one place, thereby accelerating employee adoption of these applications. Bitium's flexible, easy-to-use solution aims to enhance IT efficiency and empower CIOs to drive organizational change.
Operating in the Cyber Security and SaaS industries, Bitium attracted substantial attention from investors, securing a $6.00M Venture Round investment on 30 August 2016. Notable investors in this round included Moonshots Capital, Amplify LA, Double M Partners, Polaris Partners, Resolute Ventures, Karlin Ventures, Bonfire Ventures, and Lazerow Ventures.
The acquisition by Google marks a significant milestone in Bitium's journey, underscoring the platform's value and potential impact in the cloud and identity management space. As a cloud-based solution, Bitium's offering aligns with Google's strategic direction, reinforcing the importance of identity and access management in today's digital landscape.