September 17, 2024 at 09:15AM
Hydden, an identity security management company, raised $4.4 million in a seed funding round led by Access Venture Partners. Other contributors include Lockstep, Service Provider Capital, and angel investors. The company’s platform offers complete visibility into identities, accounts, and privileges, connecting to IAM tools and cloud applications while providing intelligent threat detection and a time capsule feature for post-event analysis. CEO Jai Dargan emphasizes the importance of adapting security solutions to the complexities of modern infrastructures.
Key takeaways from the meeting notes:
– Hydden, an identity security management company, has raised $4.4 million in a seed funding round led by Access Venture Partners.
– Lockstep (the venture fund of CISOs Rinki Sethi and Lucas Moody), Service Provider Capital, and several angel investors have also contributed to Hydden’s seed funding.
– Hydden has developed an identity security platform aimed at providing complete visibility into identities, accounts, and privileges within organizations.
– The platform connects to existing identity and access management (IAM) tools, cloud applications, and on-premises systems, utilizing a continuous discovery engine to identify identity-related risks.
– Hydden’s platform creates a unified data layer across IAM, identity governance and administration (IGA), privileged access management (PAM), and identity threat detection and response (ITDR) solutions.
– The company leverages connectors to uncover and interpret identity data, enabling organizations to detect issues without impacting operations. It also offers a time capsule feature for pattern identification and post-event analysis.
– Jai Dargan, CEO and co-founder of Hydden, emphasized the company’s focus on redefining identity security to provide comprehensive visibility, intelligent threat detection, and automation for security leaders to stay ahead of evolving cyber threats.
– Dargan highlighted that Hydden addresses security blind spots multiplying due to the growth of human and non-human identities, empowering security teams to enhance identity hygiene and reduce the identity attack surface without interfering with existing infrastructure investment.