Cloud identity management startup Apono on Tuesday announced raising $34 million in a Series B funding round that brings the total raised by the company to over $54 million.
The investment round, closed roughly one year after the Series A funding round, was led by USVP, with additional support from 33N, Swisscom Ventures, Vertex Ventures, and previous investors.
A pioneer in Zero Standing Privilege (ZSP) access management, Apono has built a cloud access platform that leverages AI to dynamically grant and revoke access for both human and AI identities.
The solution relies on Just-in-Time (JIT) and Just-Enough-Access (JEA) models to help organizations manage cloud permissions and eliminate gaps in traditional identity and access management (IAM).
Apono tackles the proliferation of AI identities across cloud environments with real-time validation of each request, enforcing security at scale through automation and context awareness.
The new funding will allow Apono to accelerate product development, with a focus on AI-powered access intelligence and policy automation. The company will also invest in go-to-market efforts and will hire new talent across its engineering and sales teams.
“The large-scale adoption of AI agents exponentially scales the problem of getting access right. Achieving ZSP with a dynamic access management approach is the only sustainable way to secure Agentic operations at scale,” Apono co-founder and CEO Rom Carmel said.
Based in Wilmington, Delaware, Apono was founded in 2022. Its solution has been adopted by known brands such as Intel, Hewlett Packard Enterprise, and Workday to manage access across hybrid and multi-cloud environments.
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