September 12, 2024 at 09:36AM
Aembit, a non-human identity and access management (IAM) provider, has raised $25 million in a Series A funding round, bringing the total raised to $45 million. The startup, founded in 2021, aims to solve the challenge of access between distributed applications and SaaS services. Aembit’s solution provides policy-based access management and uses automation to enforce secure access.
From the meeting notes, I can summarize the key points as follows:
– Aembit, a non-human identity and access management provider, has raised $25 million in a Series A funding round, bringing the total raised by the company to roughly $45 million.
– The investment round was led by Acrew Capital, with additional support from existing investors Ballistic Ventures, CrowdStrike Falcon Fund, Okta Ventures, and Ten Eleven Ventures.
– Founded in 2021, Aembit is based in Silver Spring, Maryland and focuses on solving the emerging challenge of access between distributed applications and SaaS services and sensitive resources.
– Aembit’s solution provides policy-based access management between workloads and resources across clouds, SaaS, and data centers, reducing the attack surface created by growing and highly distributed non-human identities, while offering visibility and governance.
– The startup’s Workload IAM Platform enforces secure access between workloads and the service authorizing access to sensitive resources, granting secretless just-in-time access based on identity and posture.
– Aembit’s solution aims to enable organizations to eliminate the need to hardcode secrets within applications by adopting short-lived access tokens to secure non-human access, as well as the need for manual secrets management for security, engineering, and DevSecOps teams.
– Aembit offers support for major cloud providers, SaaS services, platforms, and authentication methods, along with hundreds of integrations. It provides MFA-strength conditional access, auditing for non-human identity access, and policy automation via infrastructure-as-code.
– Aembit serves large enterprises, including a global property management company, a Fortune 250 retailer, and Snowflake.
– The new funding will be used to drive the advancement of Aembit’s scalable workload access management solution.
If you need further details or have specific questions about the meeting notes, please feel free to ask.