Otterize, a Dover, Delaware-based provider of an open-source solution to connect services securely, raised $11.5M in Seed funding.
The round was led by Index Ventures, Dig Ventures, and Vine Ventures, with participation from Jibe Ventures, Crew Capital, Operator Partners, Abhinav Asthana, Adrian Ludwig, Akhil Paul, Caleb Sima, Dion Almaer, Guy Podjarny, Greg Schott, Ken Fox, Mahau Ma, Michael Shaulov, Nadir Izrael, Nat Friedman, Peter McKay, Sanjay Poonen, Tamar Yehoshua, Yevgeny Dibrov, and Yvonne Wassenaar.
The company intends to use the funds to expand operations and its business reach.
Founded in 2022 by Tomer Greenwald, Uri Sarid, and Ori Shoshan, Otterize provides an open source intent-based access control (IBAC) solution for DevOps and platform engineers to automate the secure connection of services to each other and to infrastructure. With IBAC, developers get secure access to services by declaring, alongside their code, what calls the code intends to make. Otterize then automatically configures existing access controls to allow those calls and block any unintended calls.
Platform engineers can embed the open source solution in their development pipeline, as well as plug in insights from the Otterize Cloud via its API, to offer developers a way to access services and infrastructure securely, focusing on what their code needs to call.
FinSMEs
13/04/2023