Infisical, a San Francisco-based startup, has secured $2.8 million in seed funding to address the issue of secrets sprawl and help organizations manage their valuable corporate secrets.
Furthermore, Led by Gradient Ventures, the investment round also saw participation from Y Combinator, TwentyTwo VC, and prominent tech executives. With its open-source secrets management platform, Infisical aims to combat the problem of publicly exposed secrets such as API keys, usernames, passwords, and security certificates stored in corporate repositories.
The compromise of leaked secrets has become a significant concern in supply-chain security, leading to multiple security breaches. Security experts warn that secrets sprawl is pervasive and rapidly growing, emphasizing the urgent need for effective management solutions.
Additionally, Infisical joins a group of well-funded startups, including GitGuardian, Entro, and Akeyless, that are focusing on developing technologies to support businesses in managing their sensitive secrets, aligning with the increasing demand driven by multi-cloud deployments and modern DevOps processes.
Infisical proudly claims to be one of the fastest-growing open-source security projects on GitHub, handling over 160 million secrets per month for various entities, including startups, large corporations, and government organizations.
The freshly raised capital will be utilized by Infisical to meet growing demand, expand its operations, and strengthen its existing product offerings while exploring new product verticals.
As investors continue to place their bets on early-stage companies in the supply chain security space, Infisical aims to establish itself as a leading player in the secrets management industry.
