/PRNewswire/ Authomize, the first Identity and Security Management Platform (IDSM), today announced the close of $16 million in Series A funding. Innovation.
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.
Authomize, a Tel Aviv, Israel-based Identity and Security Management Platform (IDSM), closed $16m in Series A funding.
The round was led by Innovation Endeavors with participation from return investors Blumberg Capital, Entree Capital and M12 – Microsoft’s venture fund.
The company, which has raised $22m in total funding, intends to use the funds to accelerate product development, go-to-market initiatives, including the expansion of its partner network, and double its headcount across research and development, marketing, and sales staff in both the US and Israel.
Founded by CEO Dotan Bar-Noy, CTO Gal Diskin and VP R&D Ron Liberman, Authomize provides a platform that allows teams to automatically detect and remediate Identity and Access Management (IAM) risks across any environment by enabling teams to define and enforce the right level of permissions. The platform provides continuous risk analysis along with actionable insights to minimize security risks, reduce IT over