Procyon, a Santa Clara, CA-based provider of a Privilege Access Management platform built for multi-cloud environments, raised $6.5M in Equity funding.
The round was led by Lobby Capital with participation from GTM Capital and First Rays Venture Partners.
The company intends to use the funds expand operations and its business reach.
Led by CEO Sukhesh Halemane, Procyon provides a Privilege Access Management solution built for multi-cloud and API based infrastructure. It enables enterprises to manage privileges and access to critical resources by leveraging networking, passwordless, and self-service capabilities. The Procyon Multi-Cloud Privilege Access Management platform offers
- Self-Service Access – With a self-service portal that can be customized to incorporate enterprise security processes, the platform allows DevOps and Identity Access Management (IAM) Operations teams to request on-demand access to resources
- Zero Standing & Just in time Privileges (ZSP & JIT) – By enforcing zero standing privileges (ZSP) along with Just in time (JIT) access, the platform also eliminates security exposures from over privileged access to resources and personnel
- Strong Device Identity – Using a Trusted Platform Module (TPM) chip on the modern devices, Procyon enables passwordless sign-in to all resources
- Compliance & Governance – The Procyon architecture offers the highest standard of compliance with support for major standards like PCI/SOC2 and audit logging and analytics allowing enterprises with the necessary visibility into who has access to what and when.
FinSMEs
14/02/2023