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 overload, and ensure continuous compliance.
Authomize currently employs more than 20 employees in its Tel Aviv and Atlanta offices. The company already secures millions of identities and assets across a range of organizations, industries, and regions worldwide.
Following this Series A round, Harpinder Singh, partner at Innovation Endeavors, will be joining the Authomize board of directors. Additional board members include Yodfat Harel Buchris, managing director at Blumberg Capital; Eran Bielski, managing partner at Entree Capital; and Mony Hassid, general partner at M12, Microsoft’s venture fund.
FinSMEs
13/05/2021