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Machine Identity Management Firm AppViewX Raises $20 Million

Machine identity management and application delivery automation provider AppViewX has raised $20 million in a Series B funding round led by Brighton Park Capital, which brings the total invested in the company to $52 million.

Machine identity management and application delivery automation provider AppViewX has raised $20 million in a Series B funding round led by Brighton Park Capital, which brings the total invested in the company to $52 million.

Founded in 2015, the New York-based company provides a platform that offers end-to-end automation of public key infrastructure (PKI), digital certificate lifecycle management, SSH key rotation, and code signing management.

A modular software solution, the AppViewX platform supports services such as AWS, Azure, and GCP, and uses machine identity management and network infrastructure orchestration to reduce risks, enforce compliance, and eliminate errors.

AppViewX plans to use the new funding to expand go-to-market operations and product development and to improve its revenue growth strategies.

“To reduce their digital risk, organizations acknowledge the importance of machine identity management, but there’s a lack of mature certificate lifecycle capabilities from antiquated, manual tools and siloed tactics,” Gregory Webb, CEO at AppViewX, said.

“AppViewX enables organizations to reduce this growing risk with our Automation Platform, which facilitates digital transformation through streamlined workflows to prevent outages and reduce security incidents,” Webb added.

Related: Blockchain Security Startup BlockSec Raises $8 Million

Related: How a VC Chooses Which Cybersecurity Startups to Fund in Challenging Times

Related: Security Automation Firm Swimlane Closes $70 Million Funding Round

Related: Token Raises $13 Million for Its Biometric Authentication Ring

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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