LoginRadius, which has developed a platform that helps businesses manage and secure their customers’ digital identities, is moving to new headquarters in the core of Downtown Vancouver.
“The new space and greater resources inspire and support our team as we continue to advance our goals.”
The SaaS company, previously headquartered in Edmonton, said the move is a result of its growth, which involved nearly doubling in size within the last year and receiving a $17 million investment from Microsoft’s venture fund M12 and ForgePoint Capital in July. LoginRadius’ new space, located on the eighth floor of 815 West Hastings St., is 8,200 square feet, which includes views of Vancouver’s harbour and mountains.
“We want to thank our clients, investors, and staff who have contributed to our accelerated growth,” said Rakesh Soni, LoginRadius’ CEO. “The new space and greater resources inspire and support our team as we continue to advance our goals.”
LoginRadius’ SaaS platform allows users to securely manage and transact with customer identities while considering privacy and compliance regulations. The platform uses turnkey configuration, access management functionality, and other pre-built integrations to help businesses create secure customer registration, login, and self-service experiences.
The co-founders, Soni and Deepak Gupta, met in high school and came to North America, with Soni studying at the University of Alberta in Edmonton and Gupta living in Chicago to study at the Illinois Institute of Technology. Both Soni and Gupta had experience working with different startups before they started working together. Eventually, they decided to make a SaaS model out of their shared use of multiple APIs, founding LoginRadius in 2012.
The company has participated in the FounderFuel accelerator program, and in February 2014, raised $1.3 million in funding from the Accelerate Fund, Yaletown Venture Partners, Real Ventures, and BDC Capital, among others. In July 2014, the company said it had seen 800 percent growth.
LoginRadius recently stated that it has grown by 140 percent since December 2018, leading to the expansion of its Toronto office, as well. The platform serves over 3,000 businesses and secures one billion digital identities globally. It offers cloud-based solutions for both B2C and B2B applications, boasting 35 data centres worldwide, including in the US, United Kingdom, Australia, and India. It also manages 1.17 billion user identities and a peak load of 180,000 logins per second.
Image courtesy LoginRadius