Enterprise IT Startup ScaleFT Secures $2 Million

ScaleFT announced it has closed $2 million in seed financing. Spectrum 28, FUEL Capital, Graham Holdings, Rackspace Cloud, and Fathom Capital participated in the funding.

ScaleFT is a team platform for cloud administration and security. The company modernizes corporate security through an intelligent access fabric that aims to make smarter trust decisions in real-time based on dynamic user and device conditions. It delivers a consistent, centralized workflow to access company resources and makes it easier to understand network traffic and user behavior.

The company revealed that it also launched the ScaleFT Access Fabric today, which is a globally distributed, cloud-native environment that enables extremely fast dynamic authentication and authorization.