Anetac, a Silicon Valley startup founded in 2023, has emerged from stealth mode with a focus on managing and securing non-human identities. The company announced a successful funding round of $16 million led by Liberty Global, with additional backing from GP Ventures, Shield Capital, and angel investors. Anetac’s Dynamic Identity and Security Platform offers real-time visibility into API keys, service accounts, and tokens, aiming to help organizations detect and mitigate vulnerabilities proactively.
The platform addresses the complexity of managing service accounts in hybrid environments by mapping access chains and analyzing behavior automatically. Anetac emphasizes improving security hygiene by highlighting issues such as dormant accounts, lack of credential rotation, and excessive privileges. Their approach aims to bridge the gap left by static scanning tools, offering a dynamic, streaming approach to identity and security management.
Already adopted by industries including airlines, banks, colleges, and critical infrastructure, Anetac plans to use the new funding to enhance its platform and expand its capabilities. CEO Tim Eades underscored the importance of their innovative approach in solving identity management challenges, aiming to improve organizations’ security postures effectively.
