Israeli security management co Authomize raises $16m
Authomize's platform allows teams to automatically detect and remediate identity and access management risks.
Israeli identity and security management platform Authomize today announced the closing of $16 million Series A financing round led by Innovation Endeavors and with participation from previous investors Blumberg Capital, Entree Capital and Microsoft's M12 - Microsoft's venture fund. This brings the amount raised by the company to $22 million.
The funds will speed up delivery of Authomize's identity and security management platform (IDSM) and continued growth in product development and marketing, including the expansion of its partner network. Authomize plans on doubling its workforce in R&D, marketing, and sales in both the US and Israel.