Israeli identity and security management platform Autumize today announced the closure of a $ 16 million Series A funding round led by Innovation Endeavors and with the participation of former investors Blumberg Capital, Entree Capital and Microsoft M12 – Microsoft’s Enterprise Fund. This brings the amount raised by the company to $ 22 million. The funds will accelerate the delivery of Authomize’s Identity and Security Management (IDSM) platform and the continued growth in product development and marketing, including the expansion of its partner network. Delegating plans to double its workforce in research and development, marketing, and sales in both the United States and Israel. The company was founded by CEO Dotan Bar-Noy, CTO Gal Diskin, and VP R&D Ron Liberman. “As the complexity and scale of managing and securing permissions in the cloud continues to grow, there is a clear need for an AI-powered permission management solution. Authomize addresses the growing need for a unified solution that covers a wider range of identity and authorization use cases. Our platform provides a full range of capabilities from across sectors. PAM, IGA, CIEM, and CSPM, helping teams mitigate a wider range of security risks from a single solution. ”Authomize already secures millions of identities and tens of millions of assets across a range of organizations, industries, and regions around the world. Authomize continues to expand its global reach with this momentum to help customers manage and control security risks and operational burden in today’s virtual and distributed environments. Authomize provides continuous protection, ensures adherence to security and compliance standards, and instantly mitigates security risks, while reducing IT burden. The Authomize platform allows teams to automatically discover and address Identity and Access Management (IAM) risks across any environment by enabling teams to define and enforce the correct level of permissions. The platform provides continuous risk analysis along with actionable insights to reduce security risks, reduce IT overload, and ensure ongoing compliance. After this round of A Series A, Innovation Endeavors partner Harpinder Singh will join Authomize’s board of directors. Additional board members include Yodvat Harel Buchress, Managing Director, Bloomberg Capital; Eran Bielsky, Managing Partner, Entree Capital; And Money Hasid, General Partner of M12, Microsoft’s Enterprise Fund. Posted by Globes, Israel business news – en.globes.co.il – May 13, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
The Israeli security management company Autumaze raises $ 16 million
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