Authomize, a Tel Aviv, Israel-based provider of a cloud-based authorization management solution, raised $6m in seed funding.
Backers included Blumberg Capital, M12 Microsoft’s venture fund, and Entrée Capital.
The company intends to use the funds to continue to expand operations and its business reach.
Founded by Dotan Bar Noy, Gal Diskin, and Ron Liberman, Authomize enables organizations to manage and secure complex and vastly different applications across hybrid environments. Its intelligent Prescriptive Analytics engine enables IT and Security teams to automate operations around authorizations to control and prevent permission sprawl, maximize productivity, and simplify the entire identity lifecycle management process. With a team of 15 employees, the solution is deployed in several leading NYSE/NASDAQ publicly-traded companies and is backed by acting and former CIOs, CISOs, and advisers from Okta, Splunk, ServiceNow, Adobe, BMC, Fidelity, and Rubrik.
FinSMEs
23/06/2020