Axiomatics completed a $6.5M capital round from Monterro, Coach & Capital and Almi Invest

Axiomatics, a Stockholm, Sweden-based company providing of eXtensible Authorization solutions within the Identity and Access Management sphere, announced that it has raised $6.5 million in a new round of investment.

The money will be led by Swedish technology investment firm Monterro, a Stockholm based investment company specializing in building and growing Nordic software technology companies. Existing investors, Coach & Capital and Almi Invest, have also participated in this round of investment.

Monterro's managing partners Thomas Bill and Peter Larsson, will join the Axiomatics Board.

Axiomatics, founded in 2006 and led by CEO Babak Sadighi, is the leading provider of externalized and attribute-based authorization (ABAC) solutions. The company has a global customer base within healthcare, finance, insurance, manufacturing and the public sector, among others. Axiomatics solutions help protect systems against unauthorized use while enabling secure sharing of information within and across enterprise borders.