UnboundID Raises $2M

Austin-based UnboundID, which develops software for identity management, said today that it has raised $2M in a Series A funding round. The firm said the funding was led by Silverton Partners. UnboundID said the funding will go towards product development and market expansion efforts. The firm has not yet shipped its product, which is targeted at enterprise identity management--used to manage things like user logins, passwords, and accounts. More information »