Silver Spring, MD, Sept.12, 2024, CyberNewsWire –– Aembit, the main non-human identification and entry administration (IAM) firm, has secured $25 million in Sequence A funding, bringing its whole capital raised to almost $45 million. Acrew Capital led the spherical, with participation from current traders Ballistic Ventures, Ten Eleven Ventures, Okta Ventures, and CrowdStrike Falcon Fund.
Aembit’s funding comes within the wake of continued high-profile non-human identification assaults on organizations akin to Cloudflare, The New York Instances, and Microsoft. Non-human identification (NHI) refers back to the purposes, scripts, and bots that companies use to automate their operations, in addition to the credentials utilized by NHIs to speak to delicate databases, purposes, and infrastructure.
These incidents uncovered secrets and techniques akin to API keys, entry tokens, and different non-human entry credentials, which have been used to penetrate enterprise environments. In a newly printed survey of safety professionals, Aembit discovered that almost all organizations nonetheless wrestle with managing NHI credentials securely: Over 30% nonetheless storing credentials in code, and 23% utilizing electronic mail and chat to share credentials. Over 60% of respondents are on the lookout for a complete answer throughout their complete group.
Safety professionals are recognizing the necessity for an access-focused method that automates identity-driven, secretless, centrally enforced, and auditable entry between distributed purposes and SaaS providers to delicate assets within the cloud and on-premises.
Aembit has led the market in fixing this rising problem by pioneering non-human IAM. It allows policy-based entry administration between workloads and the delicate assets they entry, shifting past reactive visibility and governance to proactively shrink the assault floor of quickly rising and extremely distributed non-human identities. Aembit was lately lauded as a High 2 finalist within the prestigious 2024 RSA Innovation Sandbox competitors and is a finalist for Finest Id Administration Resolution on the 2024 SC Awards. Aembit continues to advance entry administration with capabilities akin to MFA-strength conditional entry, coverage automation through infrastructure-as-code, and strong auditing for NHI entry.
“Aembit is tackling one of the crucial urgent challenges in trendy enterprise safety,” stated Mark Kraynak, founding companion at Acrew Capital. “The shift to cloud and SaaS, and AI has pushed an order-of-magnitude enlargement in non-human identities. With the proliferation of microservices and APIs throughout various environments, IAM has grow to be the essential first line of protection for shielding delicate knowledge. Legacy entry administration approaches weren’t designed with this stage of scale and automation in thoughts. We’re thrilled to be partnering with Aembit to deliver a brand new method to the market.”
Co-Founders David Goldschlag and Kevin Sapp have spent their careers innovating throughout the identification panorama, most lately creating New Edge Labs (acquired by Netskope), one of many first consumer zero belief merchandise in the marketplace.
Goldschlag
“Kevin and I based Aembit with a imaginative and prescient to assist enterprises safe entry between non-human workloads, purposes, and software program assets with the identical rules used right now to safe human entry,” stated David Goldschlag, co-founder and CEO of Aembit. “Speaking to lots of of enterprises, and dealing intently with design companions, our method facilities on proactively securing entry between non-human identities, whereas eliminating friction for builders and safety groups.”
“By fixing non-human IAM, Aembit is tackling a necessary safety problem,” stated Brad Jones, CISO at Snowflake and an Aembit buyer. “Not solely is their method to non-human entry modern, however Aembit is a supplier we are able to depend on.”
The Aembit Workload IAM Platform enforces safe entry between non-human workloads and the providers that authorize entry to delicate knowledge and infrastructure. Aembit’s coverage engine grants secretless entry, just-in-time, primarily based on the workload’s identification and posture.
Leveraging native identities and complex automation, organizations use Aembit to get rid of storage of delicate secrets and techniques inside purposes or vaults by shifting to short-lived entry tokens with a no-code auth method. With Aembit, companies proactively safe non-human entry whereas eliminating the handbook and fragmented work required right now by safety, engineering, and DevSecOps groups.
About Aembit: Aembit is the non-human identification and entry administration platform that secures entry between workloads throughout clouds, SaaS, and knowledge facilities. With Aembit’s identification management airplane, DevSecOps can totally automate secretless, policy-based, and Zero Belief workload entry with MFA-strength capabilities. For extra info, customers can go to https://aembit.io/ and comply with us on LinkedIn.
Media contact: Apurva Davé, CMO, Aembit, information@aembit.io
