PlainID, a Tel Aviv, Israel- and NYC-based provider of cybersecurity, authorization, and identity access management (IAM) solutions, raised $75m in Series C funding.
The round was led by Insight Partners, with participation from Itai Tsiddon, Viola Ventures and all other existing investors.
The company intends to use the funds to expand its Go-To-Market strategy and accelerate product development.
Founded in Israel in 2014 by Oren Ohayon Harel, CEO and co-founder, and and Gal Helemski, CTO/CPO, PlainID delivers innovative solutions in the IAM and Cybersecurity space by providing a policy-based access management layer, using a real time decision engine to control who has access to what. Its Policy Manager and Partner Manager solutions have been developed to deliver instant and secure digital experiences, with authorized users accessing the data and applications they need without delays or compromising security.
The company also announced new appointments to its senior executive team:
- Gil Levonai to Chief Marketing Officer,
- Thomas Ammirati to Chief Revenue Officer, and
- Eli Shay to VP of Global Services.