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Anetac Emerges From Stealth Mode With $16 Million in Funding

Identity management startup Anetac has emerged from stealth mode with a $16 million investment led by Liberty Global.

Silicon Valley startup Anetac on Monday announced that it has emerged from stealth mode with a platform for managing and securing non-human identities.

The company also announced it has raised $16 million in a funding round led by Liberty Global, with additional support from GP Ventures, Shield Capital, and angel investors.

Founded in 2023, Anetac provides organizations with real-time visibility into API and access keys, service accounts, and tokens, along with indicators of attack, enabling security teams to identify and address vulnerabilities before exploitation.

Anetac claims its Dynamic Identity and Security Platform covers the threat attack surface of service accounts in hybrid environments, mapping access chains and automatically analyzing behavior.

To help organizations improve their security hygiene, it highlights dormant accounts, lack of credential rotation, large standing privileges, and shared-use accounts.

The company’s solution is currently used by airlines, banks, colleges, and critical infrastructure organizations.

Anetac says the new investment will help it focus on delivering a seamless business experience and tailor its service offerings to the modern threat landscape.

“It’s staggering to discover the extent of poor security hygiene amongst service accounts. With our new platform, available today, we will proactively solve the disconnect of static scanning tools with an innovative, streaming approach that dynamically addresses identity problems and improves organizations’ security posture,” Anetac CEO and co-founder Tim Eades said.

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Anetac emerged from stealth mode less than a week after non-human identity management startup Oasis Security announced a $35 million in a Series A extension round.

Related: LayerX Raises $26 Million for Browser Security Platform

Related: Island Secures $175M as Enterprise Browser Startups Defy Tech Giants

Related: Dealflow: Investments at Resonance, RunReveal, StepSecurity, Insane Cyber

Related: DeepKeep Launches AI-Native Security Platform With $10M Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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