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Identity and Data Protection Provider Ermetic Raises $17 Million

Identity and access protection provider Ermetic this week announced that it secured $17.25 million in a Series A funding round, which brings the total amount raised by the company to $27.3 million.

Identity and access protection provider Ermetic this week announced that it secured $17.25 million in a Series A funding round, which brings the total amount raised by the company to $27.3 million.

Founded in 2019, the company provides protection for identities and data in the cloud, through access policy and continuous visibility. 

Ermetic enforces least privilege access on both user and machine identities to help prevent data breaches within cloud platforms including AWS, Microsoft Azure and Google Cloud.

The company’s Cloud Infrastructure Entitlements Management platform automatically finds all identities in the cloud, and analyzes entitlements, roles and policies. 

Ermetic plans to invest the new funds in scaling research and development for its platform. The company will also invest in go-to-market and sales, in addition to marketing and customer support. 

The funding round was led by Accel, but also received contribution from seed round investors Glilot Capital Partners, Norwest Venture Partners, and Target Global.

Related: Risk Assessment Company CyCognito Raises $30 Million

Related: 1touch.io Closes $14 Million Series A Funding Round

Related: Web Traffic Security Provider Kasada Raises $10 Million

Related: Data Governance and Security Provider Privacera Raises $13.5 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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