October 1, 2024 at 04:55PM
Apono, a privileged access leader for the cloud, has successfully completed its Series A funding round, securing $15.5 million. The funding, led by New Era Capital Partners, will advance Apono’s mission of providing AI-driven, innovative, and secure solutions for managing access in complex cloud environments. The investment reflects strong confidence in Apono’s vision.
Key Takeaways from the Meeting Notes:
– Apono completed its Series A funding round, raising $15.5 million, with New Era Capital Partners leading the round.
– The company plans to utilize the funds to advance its mission of providing AI-driven and innovative solutions for managing access in complex, distributed cloud environments.
– Apono aims to accelerate product development, expand its US sales and marketing teams, and increase investments in research and development.
– The company has recorded a 300% increase in revenue over the last 3 quarters and is expanding its customer support and enterprise support teams.
– Apono has attracted key industry executives and aims to deliver new AI-based access product offerings.
– The company’s solution aims to address the evolving needs of the identity and access security landscape in modern cloud environments, and has been well-received by organizations such as Hewlett Packard Enterprise.
– Apono’s approach aligns with the security and engineering teams’ goals and workflows related to cloud identity and privilege management, as noted by Katie Norton, Research Manager at IDC.
For more information about Apono, visit their website at www.apono.io.