Non-human Identity (NHI) lifecycle firm Entro Security has raised $18 million in a Series A funding round led by Dell Technologies Capital, with participation from angel investors. This funding will support the scaling of Entro’s global operations, including increasing the company’s headcount from 35 to around 80 by the end of 2024. The total funding raised by Entro now stands at $24 million, following its emergence from stealth with $6 million in seed funding in May 2023.
Entro Security’s platform aims to streamline the chaotic management of non-human identities, which have proliferated due to digital transformation and expanded cloud infrastructures. With approximately 45 non-human identities for every human identity, scattered across multiple vaults and secrets stores, managing their lifecycle has become a significant challenge. Entro’s automated governance platform handles the creation, vaulting, rotation, and decommissioning of these identities, providing real-time detection and response across on-premise, cloud, and SaaS applications.
The importance of managing NHIs is underscored by security reports from IBM and Verizon, which rank NHI and secrets breaches as the second most frequent and costliest attacks. Entro Security CEO Itzik Alvas highlights that thousands of unmanaged NHIs in organizations often have excessive permissions, leading to widespread vulnerabilities. An example of such a breach is the recent compromise of Dropbox Sign, where a service account used to execute applications and run automated services was compromised.
Founded by IDF cyber unit alumni Adam Cheriki (CTO) and Itzik Alvas (CEO), Entro Security is headquartered in Boston, Massachusetts. The company’s platform not only manages NHIs but also ensures compliance with regulations such as SOC2 and GDPR. With the new funding, Entro is well-positioned to enhance its technology and expand its market presence, addressing the critical need for robust NHI management in the face of growing digital transformation and cloud adoption.
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