June 20, 2024 at 10:22AM
Pomerium, an access management startup, has secured $13.75 million in a Series A funding round led by Benchmark. The California-based company offers a zero trust reverse proxy for secure application access, and aims to prioritize access over restriction. The funding will be used to enhance its product and scale its team.
Key takeaways from the meeting notes are as follows:
– Pomerium, an access management startup, has successfully raised $13.75 million in a Series A funding round led by Benchmark, with additional support from previous investors Bain Capital, Haystack, SNR, and angel investors, bringing the company’s total funding to $18 million.
– The California-based company, founded in 2019, has developed a zero trust reverse proxy that offers authorized users fast and secure access to applications and services, regardless of the deployment environment.
– Pomerium’s unified access control solution prioritizes access over restriction, dynamically verifying user identities and context to enhance security and productivity while ensuring asset security.
– The company’s platform is designed to integrate as a thin layer in front of all the organization’s applications and services, centralizing authentication and authorization processes without requiring significant changes to existing tech stacks.
– Pomerium employs a context-aware approach to access, continuously checking logins, behaviors, devices, and locations for real-time user identity verification, thus offering an efficient and secure solution compared to traditional one-time verification methods.
– The company’s solution provides complete data privacy by conducting data decryption and inspection on the company’s own infrastructure, offering ongoing series of request-based access to prevent unauthorized access.
– Pomerium’s clientless access approach aims to make security invisible to the user, ensuring that employees find it usable and effective.
– The funding will be utilized to enhance the product and scale the team to meet global demand.
– Pomerium’s recent funding announcement comes shortly after the launch of Pomerium Zero, a fully hosted NextGen Access Platform that provides secure clientless connections to web applications and services for hybrid environments.
– The company’s platform caters to organizations of all sizes, from startups to Global Fortune 2000 companies and has an extensive client base including 8Gears, Crusoe, EdTech, ExtraHop, Optoro, Obsidian Security, Traders Club, and various education institutions.