September 10, 2024 at 10:27AM
P0 Security, an early-stage startup, secures $15 million in Series A funding from SYN Ventures, Zscaler, and Lightspeed Venture Partners, totaling $20 million. SYN Ventures’ Ryan Permeh joins its board. It offers cloud access technology to enhance corporate security and addresses challenges posed by the cloud’s expansion. CEO Shashwat Sehgal emphasizes the limitations of traditional access governance tools.
After reviewing the meeting notes, here are the key takeaways:
1. P0 Security, an early-stage startup, has secured $15 million in Series A funding, with investors SYN Ventures, Zscaler, and Lightspeed Venture Partners contributing. This brings the company’s total funding to $20 million.
2. SYN Ventures operating partner, Ryan Permeh, has been appointed to P0 Security’s board of directors.
3. The company aims to provide an alternative to traditional access governance and identity security for cloud access. Their technology targets corporate security engineers and aims to secure cloud access for both users and developers.
4. The CEO and co-founder, Shashwat Sehgal, highlighted the ineffectiveness of legacy access governance and identity security tools in the current cloud landscape, emphasizing the need for innovative solutions.
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