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Home News

Aembit Raises $25M for IAM Solutions

September 12, 2024
Reading Time: 2 mins read
in News

Aembit, a non-human identity and access management (IAM) provider based in Silver Spring, Maryland, has raised $25 million in Series A funding, bringing its total funding to approximately $45 million. The round was led by Acrew Capital with participation from Ballistic Ventures, CrowdStrike Falcon Fund, Okta Ventures, and Ten Eleven Ventures. Aembit, founded in 2021, focuses on solving the challenges related to access management between distributed applications, SaaS services, and sensitive resources.

Aembit’s solution provides policy-based access management across cloud environments, SaaS platforms, and data centers, reducing the risks associated with growing non-human identities. The platform enhances security by offering visibility and governance, thus minimizing attack surfaces. The company’s approach leverages automation to enforce secure, just-in-time access between workloads and the resources they need, without the need for hardcoded secrets.

The Workload IAM Platform helps organizations eliminate the need for manual secrets management by using short-lived access tokens and enforcing multi-factor authentication (MFA)-strength conditional access. This solution is particularly beneficial for security, engineering, and DevSecOps teams who need to secure non-human access. Aembit’s platform supports integration with major cloud providers, SaaS services, and a wide range of authentication methods.

With the new funding, Aembit plans to further develop its scalable workload access management solution, which already serves large enterprises including a global property management company, a Fortune 250 retailer, and Snowflake. The company’s CEO, David Goldschlag, emphasized that Aembit’s focus is on securing access between non-human identities while reducing friction for developers and security teams, addressing the emerging needs of enterprise security in highly distributed environments.

 

Reference:

  • Aembit Raises $25 Million in Series A Funding for Non-Human Identity and Access Management

Tags: AembitCyber NewsCyber News 2024Cyber threatsFundingIAMMarylandSeptember 2024
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