Ermetic Secures USD 17.25 Million in Series A Round of Financing

Ermetic helps organizations enforce tighter, least privilege access policies across both user and machine identities to help prevent data breaches in AWS, Microsoft Azure and Google Cloud Platform

FREMONT, CA: Israel-based cloud access risk security company Ermetic raised USD 17.25 million in a Series A funding round led by Accel, with participation from Glilot Capital Partners, Norwest Venture Partners and Target Global. As part of the financing round Andrei Brasoveanu, Partner at Accel has joined Ermetic’s Board of directors. Proceeds from the investment round will be used by the company to scale research & development, go-to-market, sales, marketing and customer support initiatives for its Cloud Infrastructure Entitlements Management platform.

“Until now, customers have been using retrofitted tools to try to manage cloud infrastructure accounts and entitlements. Ermetic has developed a cloud native alternative that uses analytics to consistently manage permissions and enforce least-privilege access,” said Shai Morag, CEO of Ermetic. “We are pleased to welcome Accel as an investor and Andrei Brasoveanu to our Board. This capital infusion will help us capture a large share of the emerging market known as Cloud Infrastructure Entitlements Management.”

Ermetic helps organizations enforce tighter, least privilege access policies across both user and machine identities to help prevent data breaches in AWS, Microsoft Azure and Google Cloud Platform. The latest round of investment takes the company’s total raised capital to USD 27 million. The Ermetic analytics-based solution prevents cloud data breaches by automating the detection and remediation of identity and access risks in Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) offerings from Amazon, Google and Microsoft.

“With the wide scale adoption of cloud services by organizations, protecting these infrastructures is critical. But managing entitlements is too massive and complex a problem to address manually or without the right tools,” said Andrei Brasoveanu, Partner at Accel. “Ermetic has developed a purpose-built solution that addresses this large market opportunity, and is led by a proven management team. I look forward to working with the team to quickly establish Ermetic as a leader in this space.”

Ermetic’s Platform automatically discovers all human and machine identities in the cloud and analyzes their entitlements, roles and policies using a continuous lifecycle approach. By combining analytics with granular, full-stack insight, Ermetic makes it possible to enforce least privilege access at scale even in the most sophisticated cloud environments.