Abbey Labs, a San Francisco, CA-based identity and access management (IAM) company, raised $5.25m in seed funding.
The round was led by Point72 Ventures with participation from Haystack, Essence Ventures, and angels across the security, infrastructure, and data verticals, including Emilio Escobar (CISO of Datadog), Harold Gimenez (SVP of Engineering at Hashicorp), and Pete Soderling (Founder of Data Council).
The company intends to use the funds to accelerate go-to-market opportunities, hiring and developer awareness.
Founded by CEO Arvil Nagpal and CTO Jeff Chao, former employees of Okta and Stripe, respectively, Abbey Labs is building a first access governance platform built for engineers. It integrates common access workflows, such as requests and approvals, into a company’s existing developer tooling and infrastructure.
The company will soon announce its public beta release in conjunction with three major conferences they will be attending: Black Hat, DEF CON and BSidesLV 2023.
FinSMEs
31/07/2023