Israeli cybersecurity startup Authomize, which has developed an automated, cloud-based authorization governance and management Solution, emerged from stealth mode this week.
With $6 million in seed funding from Blumberg Capital, Microsoft’s M12 venture fund, and Entrée Capital, Authomize has developed a technology called “SmartGroups”, which aggregates data in real-time from multiple IT systems and dynamically infers which it determines are the “right-sized” permissions.
Authomize says its platform continuously detects all effective relationships between both human and machine identities to company assets throughout an organization’s environments (IaaS, PaaS, SaaS, Data, and On-prem). Providing a continuously updated inventory of identities, assets and access policies, Authomize can block unintended access and alert on anomalies and various risks.
Founded by Dotan Bar Noy, Gal Diskin, and Ron Liberman, the company currently has 15 employees, and says its solution has already been deployed in several NYSE/NASDAQ publicly traded companies.
“We founded Authomize after seeing the chaos organizations experience when it comes to managing the authorization lifecycle,” said Bar Noy, Co-founder and CEO. “Current Identity Governance and Administration (IGA) tools lack the ability to provide the intelligence and automation needed to make informed and efficient decisions. With Authomize, IT and Security teams can make highly informed decisions or choose to automate processes, removing the need to compromise between IT efficiency and impeccable security hygiene.”