Caymas has raised $13 million in an expansion round of institutional funding, bringing its total institutional investment to $37 million

October 13, 2005

1 Min Read

SAN JOSE, Calif. -- Caymas Systems, the market leader in Identity-Driven Access Gateways, announced today that it has raised $13 million in an expansion round of institutional funding, bringing its total institutional investment to $37 million in three rounds of funding.

Venture investors Levensohn Venture Partners and Kinetic Ventures joined the round with existing institutional shareholders Redpoint Ventures and ComVentures also participating. As a result of this round of funding, Kip Sheeline of Levensohn Venture Partners will join Geoff Yang of Redpoint Ventures, Michael Rolnick of ComVentures, Josh Green of Legal Architects, and Terry Brown, President and CEO of Caymas Systems, on the Caymas Systems board of directors.

“We are pleased to join the Caymas Systems team,” said Kip Sheeline, partner at Levensohn Venture Partners. "We target companies as they transition from the early revenue stage to a successful worldwide business. Caymas Systems has strong leadership, a game-changing solution in a large and growing market, and significant revenue with both commercial enterprises and the Federal government. We are ready to help the company continue to grow."

Caymas Systems Inc.

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