CyberTech platform Smallstep Labs scores $26m in pair of raises

Smallstep Labs, a security platform for DevOps, has scored $26m across the close of two funding rounds.

It raised $7m in its seed round, which was led by boldstart ventures. The capital injection was also backed by Accel Partners, Bain Capital Ventures and Upside Partnership.

The remaining $19m came through a Series A round, which was led by StepStone Group, with commitments also coming from existing backers.

This capital injection will help Smallstep create new products for its community and accelerate the research and development of new features.

Founded by Mike Malone, Smallstep offers automated certificate management to give DevOps’ teams to establish zero trust. Smallstep’s aim is to help companies secure their entire infrastructure by identifying everything and everyone, identifying credentials, encrypting data and communications, and strengthening security policies.

Smallstep founder and CEO Michael Malone said, “Our world is powered by a complex tangle of software and, since the early days of Smallstep, we’ve been focused on the fundamental problem of keeping it all securetep.

“Certificates have been quietly providing an identity dialtone to the web for decades, but their utility extends beyond that use case. Certificate management is a Practical Zero Trust technology that every non-trivial system should have. This funding will enable us to bring automated certificate management to everyone. We’re fortunate to have an amazing group of investors who understand the need for this important core infrastructure and I’m excited to partner with them on this mission.”

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