Evolution Equity Partners || Evolution Cyber Deal Monitor

Evolution leads $100M Beyond Identity passwordless IAM

Evolution leads $100M Beyond Identity passwordless IAM

Key Questions

What funding did Beyond Identity recently secure and from whom?

Beyond Identity raised $100M in a round led by Evolution, focusing on passwordless IAM solutions.

How large is the IAM market projected to grow?

The IAM market is expected to expand from $26.8B in 2025 to $62.9B by 2033, with sovereign ID reaching $10.68B in 2026 at a 21.1% CAGR.

What does the KPMG 2026 report highlight regarding identity security?

It identifies non-human identities as a critical CISO challenge, reinforcing the broader IAM investment thesis alongside PANW's Idira AI launch.

Beyond $100M led by Evolution; PANW Idira AI launch (CyberArk rebrand); IAM $26.8B '25-$62.9B '33; comps Oasis/Linx/Surf. Sovereign ID market to $10.68B '26 (21.1% CAGR). KPMG 2026 report names non-human identities as critical CISO problem, reinforcing IAM thesis.

Sources (2)
Updated Jun 9, 2026