Permit.io, a Tel Aviv, Israel-based authorization-as-a-service provider, raised $8M in Series A funding.
The round was led by Scale Venture Partners, along with NFX, Verissimo Ventures, Roosh Ventures, Firestreak, 92712, and other existing investors.
Permit.io enables developers to bake-in permissions and access control into any product in minutes. Created on open source foundations, the platform builds on top of OPA+OPAL as a service, providing the API and UI access-control interfaces that make it simple to shift security left. Its tech is already in use by industry like Accenture, Cisco, Tesla, and others.
The company has already signed deals with more than 20 companies, including industry leaders like Schneider Electric, SignifyHealth (part of CVS), and Salt.Security, with hundreds of thousands of authorized users.
Commenting on the news, CEO Or Weis said: “With this funding, we will be able to rapidly scale to meet demand, including building out a sales presence in the U.S., as well as double down on the unique interfaces Permit is known for.”
FinSMEs
15/02/2024