StrongDM is a zero trust privileged access management (PAM) and universal access platform that provides secure, just-in-time access to databases, servers, Kubernetes clusters, cloud infrastructure, and internal applications. The company's platform is designed for modern engineering, DevOps, and AI-driven environments, replacing static credentials and standing privileges with policy-driven, runtime authorization. Founded in 2015 by Elizabeth Zalman, Justin McCarthy, and Schuyler Brown, StrongDM was headquartered in Burlingame, California. The company was acquired by Delinea, an enterprise PAM provider, in early 2026 to combine Delinea's PAM platform with StrongDM's just-in-time runtime authorization capabilities into a unified identity security platform for the agentic AI era.
StrongDM has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
150–200
Total Funding
$110M
5 rounds
Delinea (TPG/Thoma Bravo-backed) agreed to acquire StrongDM; search results indicate close on 2026-03-05, terms undisclosed.
Acquired; no further secondary liquidity path as independent company
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $110M across 5 rounds
Last updated 10-10-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| May 2, 2024 | Series C | $34M | — | Anchor Capital |
| Sep 15, 2021 | Series B | $54M | — | Tiger Global Management |
| Oct 27, 2020 | Series A | $17M | — | Sequoia Capital |
Justin McCarthy
Co-Founder
Elizabeth Zalman
Co-Founder
Schuyler Brown
Co-Founder
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Teleport
Open-source identity-native infrastructure access platform providing secure access to servers, Kubernetes, databases, and applications.
CyberArk
Publicly traded privileged access management leader providing credential vaulting, session management, and identity security for enterprises.
HashiCorp Boundary
Identity-based access management tool from HashiCorp facilitating secure user access to dynamic hosts and infrastructure.
Saviynt
Cloud-native identity governance and privileged access management platform for enterprises.
Okta Advanced Server Access
Okta's PAM offering providing zero trust access to cloud-native infrastructure and servers.
Delinea
Enterprise privileged access management vendor (formed from the merger of Thycotic and Centrify) that acquired StrongDM in 2026.
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