BREAKING  Rubrik acquires Strata Identity (June 2026) Maverics connects any app to any identity provider Kroger modernized 200 apps with Identity Orchestration $26M Series B led by Telstra Ventures Founders co-wrote the SAML standard AI Identity Gateway governs agentic AI BREAKING  Rubrik acquires Strata Identity (June 2026) Maverics connects any app to any identity provider Kroger modernized 200 apps with Identity Orchestration $26M Series B led by Telstra Ventures Founders co-wrote the SAML standard AI Identity Gateway governs agentic AI
Company Profile · Identity Software

Strata Identity

The Boulder company that turned the thankless plumbing of enterprise login into a category - and got bought for it.

Strata Identity logo - a stylized purple wave inside a ring
The logo is a wave caught mid-curl inside a ring. For a product that lives between your apps and your login systems, a swirl that never quite touches the edges feels about right.
Who they are now

A login outage hits a Fortune 500 bank at 9 a.m. Nobody panics.

The identity provider has gone dark. A few years ago that meant thousands of employees locked out, a help desk on fire, and a very long morning for the CISO. Now traffic quietly fails over to a backup, logins keep flowing, and most people never notice anything happened. The thing doing the quiet rerouting is software from a company most users have never heard of: Strata Identity.

Strata sells a product called Maverics. It is not an identity provider - it does not store your passwords or be the thing you log into. It sits one layer above all of that, in the awkward space between your applications and whatever login systems you happen to use. Okta over here. Microsoft Entra over there. A twenty-year-old on-prem system nobody wants to touch. Maverics speaks to all of them and makes them behave like one.

That sounds dull until you realize how much misery it removes. And misery, it turns out, is a large addressable market.

"Secure human and agent identities for all apps, on all clouds and identity providers - without vendor lock-in." - Strata's stated mission
The problem they saw

Every app was hard-wired to its login system. That was the whole problem.

For decades, enterprise applications were built with identity baked in. The app didn't just use a login system - it married one. Want to switch from a legacy provider to a modern cloud one? You had to crack open every application and rewrite the part that handled who's-allowed-in. For a company with hundreds of apps, that is not a project. It is a career.

So companies didn't switch. They stayed on aging systems like Oracle Access Manager and CA SiteMinder long past their welcome, because the cost of leaving was measured in years. Identity vendors, for their part, were perfectly happy with this arrangement. Lock-in is a bug for the customer and a feature for the vendor, and nobody was rushing to fix it.

"Rip and replace was the only migration path anyone offered. Strata's bet was that you shouldn't have to touch the apps at all." - The core thesis, paraphrased

The insight was almost annoyingly simple. If you put an abstraction layer between apps and identity systems, the marriage breaks. Apps talk to the layer. The layer talks to whatever provider you want this week. Swap the provider underneath and the apps never know. Identity becomes a setting, not a rebuild.

The founders' bet

Three people who had been arguing about identity since the 1990s.

Strata was founded in 2019 by three identity veterans who had, between them, roughly sixty years of arguing about this exact problem. CEO Eric Olden co-authored SAML - the standard that lets login systems pass credentials to applications - back when he was a student at Berkeley. People in the field call him the father of modern identity management, which is the kind of title you can only earn by caring about something deeply unfashionable for a very long time.

He brought along Topher Marie as CTO and Eric Leach as Chief Product Officer. All three had held senior roles at Oracle. All three had watched enterprises suffer through identity migrations. The founding bet was that the standards-writing crowd could do it again - not by inventing another identity provider, but by inventing the layer that makes providers interchangeable.

Eric Olden
Co-Founder, Chairman & CEO
Co-author of the SAML standard; built early cloud identity services. Called "the father of modern identity management."
Topher Marie
Co-Founder & CTO
Longtime identity engineer and former Oracle leader. Co-creator of the IDQL standard and the Hexa open-source project.
Eric Leach
Co-Founder & Chief Product Officer
Product leader from the enterprise identity world, also an Oracle alum. Shaped Maverics from idea into platform.
"They keep writing the standards the rest of the industry ends up adopting - SAML in the 90s, then IDQL and Hexa decades later." - On the founders' track record
The short version

Seven years, one new category

2019
Strata Identity founded in Boulder, Colorado by Olden, Marie, and Leach.
2021 · FEB
$11M Series A to push the new idea of Identity Orchestration.
2021 · APR
Launches the Maverics Identity Orchestration Platform for multi-clouds.
2023 · JAN
$26M Series B led by Telstra Ventures; more than $40M raised to date.
2023 · MAY
Maverics Orchestrator lands in the AWS Marketplace.
2024 · SEP
Publishes "The Book" on Identity Orchestration for CISOs and architects.
2025 · NOV
Ships the AI Identity Gateway to govern agentic AI behavior.
2026 · JUN
Acquired by Rubrik to power Identity Continuity and resilience.
The product

Maverics, and the recipes that run on it

The platform's cleverest trick is making hard things look like assembling a sandwich. Strata calls them Orchestration Recipes - multi-step workflows for onboarding a user, retiring a legacy provider, or routing around an outage. Architects build them without writing code, which is the difference between a migration that takes a weekend and one that takes a fiscal year.

01

Maverics Identity Orchestration

The distributed abstraction layer. Connects any app to any identity provider across on-prem, hybrid, and multi-cloud - no app rewrites.

02

Orchestration Recipes

No-code, runtime workflows that automate onboarding, offboarding, and migration off legacy IDPs like Oracle Access Manager and SiteMinder.

03

Identity Continuity

Automatic failover that keeps authentication working when a primary identity provider goes down. The thing that made the 9 a.m. outage a non-event.

04

AI Identity Gateway

A runtime control point that authenticates, authorizes, and watches every action an AI agent takes against upstream services - including across Model Context Protocol.

"Identity Orchestration recipes let architects automate a provider migration the way you'd assemble a sandwich - step by step, no code." - On what Maverics actually feels like to use
The proof

Big logos, big app counts, real money saved

The skeptic's question for any platform company is simple: does anyone actually run this in production? Strata's answer is a list of organizations that do not casually adopt unproven identity software - among them Navy Federal Credit Union, 3M, Syniverse, Concentrix, PTC, and the State of Minnesota.

200
apps modernized at Kroger
80
apps a Fortune 500 bank moved to Okta
$40M+
total funding raised
2019
founded in Boulder, CO

The funding climb

Disclosed rounds, 2020-2023 · USD
Seed
~$5M
Series A (2021)
$11M
Series B (2023)
$26M
Total raised
$40M+
Bars scaled to total raised. Seed figure is approximate.

The grocery giant Kroger reportedly saved hundreds of thousands of hours that would otherwise have gone into rewriting apps by hand. That is the number that makes a CFO lean forward. Strata also did the unusually patient thing of publishing a book to explain its own category to CISOs - a move that is either generous or a sign that a new idea needs a lot of explaining. Probably both.

"Customers like Kroger save hundreds of thousands of hours of manual effort modernizing identity across hundreds of apps." - From Strata's customer accounts
The mission

Make identity managers the heroes for once

Strata's stated vision is oddly specific: a world where identity managers are heroes. It is a small, human goal hiding inside infrastructure software. The people who run identity at large companies are usually invisible until something breaks, at which point they are extremely visible for all the wrong reasons. Strata's whole pitch is to flip that - to make swapping providers, surviving outages, and modernizing apps boring enough that the identity team gets to look competent instead of besieged.

The values the company lists - openness, honesty, transparency, accountability - are the sort of thing every company lists. What is more telling is that the founders kept open-sourcing the hard parts. IDQL and the Hexa project are free for anyone, which is a strange move for a company that could have hoarded them. It suggests they believe the category matters more than any single moat.

"A world where identity managers are heroes - where connecting and maintaining identity is secure and uncomplicated." - Strata's vision
Why it matters tomorrow

Now the things logging in aren't even people

Just as Strata got its abstraction layer working for humans, the ground shifted. AI agents arrived - software that acts on its own, calls other services, and very much needs to be told what it is and is not allowed to do. Gartner started tracking agentic identity as emerging tech and named Strata as a sample vendor. In late 2025 the company shipped the AI Identity Gateway to authenticate and govern every move an agent makes.

This is where the layer pays off. An abstraction built to make human login providers interchangeable turns out to be exactly the right place to stand when you need to watch and control non-human actors too. The plumbing was general-purpose all along.

In June 2026, the data-security company Rubrik acquired Strata, folding Maverics into a broader push it calls Identity Resilience - the idea that identity itself should be recoverable, not just your files. For a company founded on the premise that identity should be swappable, being absorbed into a resilience story is a fitting next chapter.

"Strata was founded so identity could be swapped without pain. It got acquired so identity could be made recoverable. Same layer, bigger job." - On the Rubrik chapter

So return to that bank, 9 a.m., the provider dark. The morning that used to be a crisis is now a footnote in a status log. The identity manager doesn't get a phone call. The help desk stays quiet. Somewhere a wave-shaped logo keeps spinning between the apps and the login systems, doing the unglamorous work of making sure that switching, failing over, and now governing the agents all feel like nothing happened at all. Which, for infrastructure, is the highest possible compliment.

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