June 18, 2024 at 12:36PM
Entro Security, a non-human identity (NHI) lifecycle firm, has secured $18 million in a Series A funding round led by Dell Technologies Capital and angel investors. The funds will fuel global expansion, including doubling the workforce by 2024. Entro’s platform addresses the growing challenge of managing non-human identities and automates governance for secrets and NHI management.
Key Takeaways from the Meeting Notes:
1. Entro Security has raised $18 million in a Series A funding round led by Dell Technologies Capital and including angel investors.
2. The funds raised will be utilized to scale the firm’s global operations, including increasing the headcount from 35 to around 80 by the end of 2024.
3. Entro’s platform is focused on managing the increasing use of non-human machine identities, which have become a significant challenge due to the growth of digital transformation and expansion of cloud infrastructures.
4. The recent compromise of Dropbox Sign serves as an example of a non-human identity breach.
5. The Entro platform automates governance for secrets and NHI management, offering real-time detection and response across various applications and environments, along with ensuring compliance with regulations like SOC2 and GDPR.
6. Entro Security was founded by Adam Cheriki (CTO) and Itzik Alvas (CEO), both alumni of Israel’s IDF cyber units, and has raised a total of $24 million with the Series A round.
Overall, the meeting notes highlight Entro Security’s focus on tackling the challenges related to non-human identity management, its successful funding round, and the capabilities of its platform in automating governance and ensuring compliance.