Apono’s innovative approach provides organizations with a deep understanding of privileged access within their cloud environments, enforces robust security guardrails, and leverages AI-driven least privilege and anomaly detection capabilities to enhance security measures while providing a frictionless experience for end-users. “Privileged access management and identity governance are converging, driving the need for more holistic identity and access security solutions, particularly within today’s dynamic cloud environments in which modern businesses operate. Apono is devoted to addressing the evolving needs of the identity and access security landscape, particularly as it has grown to play a more significant role in today’s modern cloud environment. The newly secured funds will be used to advance Apono’s mission of providing AI-driven, simple, innovative, and secure solutions that organizations need to manage access in complex, distributed cloud environments. The company is committed to delivering capabilities that meet the dynamic needs of modern enterprises and support the development, operations and security teams responsible for securing and maintaining cloud environments they depend on. Additionally, these newly secured funds will be used to accelerate product development and enable Apono to continue its growth, deliver unparalleled value to its customers, and solidify its position as a leader in the identity security space. “In response to the growing complexity and security threats associated with cloud adoption, forward-thinking organizations are increasingly aligning the goals and workflows of their security and engineering teams," said Katie Norton, Research Manager, DevSecOps and Software Supply Chain Security at IDC. “We are thrilled to support Apono in their mission to revolutionize identity and access security,” said Ziv Conen, Partner at New Era Capital Partners. “Apono’s innovative solution addresses critical challenges in the cloud access management space, providing organizations with robust, scalable solutions. With a focus on innovation and customer success, Apono is poised to redefine how organizations manage and secure access, ensuring robust protection and seamless operations in an ever-changing digital world. Customers can anticipate new AI-based access product offerings and improved support from Apono’s sales engineering and customer success teams, which have tripled in size in the US. Apono’s solution was built from the ground up to empower organizations to deliver just-in-time, just-enough access management at scale by bridging the security-operational gap in identity and access management. September 30, 2024 – Apono, the leader in privileged access for the cloud, today announced the successful completion of its Series A funding round, raising $15.5 million. After the company recorded a 300% increase in revenue the last 3 quarters, Apono has welcomed several key industry executives, further bolstering its market position and enhancing its ability to support a rapidly growing customer base. Additionally, to meet the needs of new enterprise customers, the company has added enterprise support teams who will deliver the scale of service today’s enterprises require. Moreover, it helps us maintain a least-privilege cloud environment, which is crucial for our security and compliance standards,” said Arthur Goren, Director of Cloud Engineering at Hewlett Packard Enterprise.
This Cyber News was published on www.darkreading.com. Publication date: Tue, 01 Oct 2024 20:55:07 +0000