UnboundID Lands $12.5M In Series B Funding

Austin-based UnboundID, the developer of identity management software headed by Steve Shoaff, has added $12.5M to its coffers in a new venture funding round, the company announced this morning. UnboundID said the Series B funding round came from OpenView Venture Partners, and will go to expand its market into new geographies and vertical markets. UnboundID other investor is Silverton Partners. The company did not detail Silverton's participation in the new funding round. UnboundID is the first investment out OpenView's third fund, a $200M fund announced last week. More information »