While the management of digital identities becomes a central issue of cybersecurity, European actors like Memurity try to win on a market dominated by American solutions. With a fundraising of 13 million euros, the Parisian startup aims to provide a sovereign response to the growing needs in Identity and Access Management (IAM).
A quick transition market
The rise of cloud services, the generalization of hybrid work and the multiplication of connected objects have profoundly changed the requirements in terms of digital security. For companies, it is no longer only a question of protecting infrastructure, but guaranteeing that each individual, application or machine accesses only to the resources intended for them.
According to Gartner, 80 % of companies should use identity-as-a-service solutions (IDAAS) by 2027. An already started tilting, while cyber attacks involving compromise identifiers are constantly increasing. Juniper Research estimates that 85 % of security incidents involve identity flaws. In France, the ANSSI recorded an increase of 37 % of cyber attacks in 2022.
In this context, IAM is no longer a subject reserved for RSSIs, it directly affects compliance, user experience, data governance and business processes.
Memurity, a European ambition
It is in this context that Memurity, founded by Gilles Castéran, Francis Grégoire, Alexis de Calan and Phouric Ung. Their objective is to offer a unified SaaS platform, called Identity Factory, capable of managing end -to -end identities for employees, partners, customers and connected objects.
The platform combines several functional bricks, Idaas, IGA (Identity Governance & Administration), CIAM (Customer IAM), SSO (Single Sign-on), MFA (Multi-Factor Authentication) and federation of identities. It aims to centralize the management of access rights, shorten the deployment deadlines for IAM projects, and reduce the total cost of possession for businesses.
“” In a context of accelerated digitalization, technological autonomy and operational performance research, we build an IAM European champion “Indicates Gilles Castéran, CEO of Memurity. According to him, the stake exceeds the simple technical efficiency: it is also ” meet the specific needs of European companies with a solution built on their regulatory and operational standards ».
A consolidation during the market IAM
Memory is part of a broader dynamic of structuring of the European cybersecurity ecosystem. The Brienne de Tikehau Capital fund, dedicated to this sector, leads the tour de table, illustrating the growing appetite of investors for strategic and resilient solutions.
Faced with her, Memurity will however have to deal with well -established competitors. Okta, the world leader in the sector, claims several thousand customers and a strong integration capacity with cloud tools. Ping Identity, bought by the Thoma Bravo fund, targets large companies and focuses on Zero Trust architectures.
On the European side, Wallix, specialist in the management of privileges, has also strengthened its positioning, especially in the public sector. Unissey, on a complementary register, develops biometric recognition technologies for authentication.
For its part, Memurity is focusing on a modular and cloud-native approach, capable of adapting to different business use cases while ensuring sovereignty of the data in accordance with the GDPR and the NIS2 requirements.
