Connect with us

Hi, what are you looking for?


Cybersecurity Funding

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.

Advertisement. Scroll to continue reading.

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.


Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.


SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.


People on the Move

Digital executive protection services provider BlackCloak has appointed Ryan Black as CISO.

Joe Levy has been appointed Sophos' permanent CEO, and Jim Dildine has been named the company's CFO.

CISA executive assistant director for cybersecurity Eric Goldstein is leaving the agency after more than three years.

More People On The Move

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...

Cybersecurity Funding

Los Gatos, Calif-based data protection and privacy firm Titaniam has raised $6 million seed funding from Refinery Ventures, with participation from Fusion Fund, Shasta...

Cybersecurity Funding

Internet of Things (IoT) and Industrial IoT security provider Shield-IoT this week announced that it has closed a $7.4 million Series A funding round,...

Cybersecurity Funding

CommandK announced that it has raised $3 million in a seed funding round for a solution designed to help organizations secure sensitive data.