July 12-16
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Akeyless, a software-as-a-service platform for authentication and virtual access, announced that it has raised $14 million in an A-series through Team8. Akeyless has offices in New York and Tel Aviv and says the cycle will be committed to hiring and globalization. expansion as it seeks to expand its visitor base.
As the transformation to hybrids and multi-cloud evolves, with 92% of organizations calling their operations at least “something” in the cloud, secrets such as passwords, credentials, certificates, and keys are widely used in workloads, as well as through privileged users, groups, and PC security software. What was resolved in the past through key control systems is much more difficult, given the breadth of distributed cloud infrastructure. According to a CyberArk survey, 99% of security professionals and DevOps do not identify all locations where there are privileged or secret accounts.
Akeyless aims to solve this challenge with a platform that combines secret control with 0 accept as true with solutions. In a cybersecurity context, “0 accept as true with” refers to the trust organizations deserve to not automatically accept as true with anything and deserve instead to verify everything they try to attach to their systems before granting access.
Founded in 2018, Akeyless is the home of Shai Onn, Oded Hareven and former senior engineer Intuit Refael Angel. Onn is the founder and president of the cybersecurity company FireGlass, which Symantec acquired in 2017 for $250 million. The Cybersecurity Unit of the Israel Defense Forces has held several product and assignment control positions, Director of Product Management at Moovit, which Intel bought last year for $900 million.
Akeyless automatically manages secrets for DevOps computers and cloud platforms using credential, token, API key, and password insurance. The platform supports “just in time” ephemeral access permissions and is based on an architecture that can be deployed in any internal environment. containerized packages and virtual machines.
According to Grand View Research, Akeyless, 22 employees, is not the only secret control product in an identity and access market estimated at $24. 12 billion until 2025, including Doppler, as well as 1Password and tech giants like Amazon. claims to have the exclusive merit of a strategy called distributed fragment cryptography to provide a reliable root in unpretentious multi-cloud environments. keys, explains Akeyless.
“We are witnessing an unprecedented migration of generation progression and knowledge to the cloud,” CEO Hareven told VentureBeat via email. “As such, access coverage has never been more complicated or more important. Akeyless’ on-premises cloud solution is the first unified. “that allows companies to manage credentials, certificates, and keys seamlessly, without the need for costly, timely installation of an on-site solution. The state-of-the-art uncertain key control system, where encryption keys never exist as a whole, means that neither Akeyless nor any third party can access a client’s secrets and keys. Our solution provides a seamless integration experience, fast production time, and ease of use. Our solution provides secret control, untrusted access and knowledge coverage, based on the Akeyless generation. . . . »
Jerusalem Venture Partners participated in Akeyless’ most recent investment round.