Entro Security Announces $18M Series A Round to Enhance Non-Human Identity Lifecycle Management
June 18 2024 - 6:00AM
Business Wire
Funding will enable Entro to scale and
capitalize on demand as companies move quickly to contain, secure
and manage Non-Human Identities and implement strong governance and
compliance
Entro Security, a pioneer of Non-Human Identity (NHI) security
and the developer of an award-winning NHI and Secrets Management
platform, today announced it has closed an $18 million Series A
round, led by Dell Technologies Capital with the participation of
seed investors Hyperwise Ventures and StageOne Ventures, as well as
angel investors such as Rakesh Loonkar and Mickey Boodaei. Entro
will use the financing to scale global operations and meet the
strong demand for its platform across key industries. Entro has
raised $24 million since exiting stealth in May 2023.
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The rapid-fire pace of cloud and SaaS adoption has enabled the
proliferation of unmanaged NHIs and secrets – such as API keys,
service accounts, tokens and certificates – with NHIs outnumbering
human employees by 45 times, according to industry analysts. In
turn, the rise of NHIs has created widespread vulnerabilities that
attackers have parlayed into a slew of high-profile attacks,
including the recent Dropbox breach. The sheer volume and ubiquity
make them impossible to secure and manage manually. As a result,
NHI lifecycle and secrets management has ascended quickly to become
a strategic security priority for the business. Entro enables
organizations to secure them, oversee their usage and automate
their lifecycle from inception to rotation.
“Both IBM and Verizon reports ranked NHI and secrets breaches as
the second most frequent attack and the costliest one, which is why
interest in our platform has spiked by CISOs and security leaders,”
said Itzik Alvas, CEO and co-founder of Entro Security. “We are
eager to use the Series A funding to continue to lead this
vertical, serve our dozens of customers and scale.”
Entro’s Platform Brings NHI Lifecycle Management, Secrets
Security and NHIDR to Life
Entro’s platform empowers security teams to implement and
automate strong governance for secrets and NHI Management with
real-time detection and response. By providing a bird’s-eye and
granular view of all NHIs, centralizing and contextualizing NHIs
and secrets security data, Entro gives universal coverage across
cloud services, SaaS applications and on-premises systems, allowing
security teams to:
- Gain complete visibility at creation, storage and exposure
locations, scattered across various systems and environments
- Enrich and add business context to understand owners,
permissions, usage, enablement, rotation time and more
- Identify and prioritize security risks, remediate
vulnerabilities and prevent unauthorized access to critical systems
and data
- Apply detection and response to prevent attacks and misuse in
real time by monitoring any abnormal behavior
- Automate the remediation of identified security risks, saving
time and resources for the security and development teams
- Ensure compliance with regulatory requirements such as SOC2,
GDPR and others by maintaining robust access controls and security
measures
“The Entro Security team intimately understands the complex
challenges of securing enterprise-scale systems. Itzik and Adam
have lived these challenges which is how they’re able to build a
platform that’s truly by practitioners, for practitioners to
address threats to machine-to-machine interactions,” said Deepak
Jeevankumar, Managing Director, Dell Technologies Capital. “Their
approach is resonating with both analysts and customers with
significant recognition from both. We look forward to partnering
and supporting the Entro team as they build on this impressive
early velocity.”
Within its first year, Entro is already working with customers
including Booking, SolarWinds, Elastic, KAYAK and Regatta, proving
their value to solve the NHI problem.
Based in Manchester, England, Regatta Great Outdoors is one of
the world's biggest outdoor brands with over 120 retail stores in
more than 55 countries. "Entro has become an essential tool for our
organization," said Or Avraham, Cloud Security Specialist at
Regatta. "The platform provides advanced capabilities such as
removing secrets exposure and Non-Human Identity Detection and
Response, integrating easily into our existing workflows. We highly
recommend Entro to any modern company looking to secure and manage
the lifecycle of their Non-Human Identities and Secrets,
end-to-end.”
To learn more and see Entro Security’s platform in action,
schedule a demo.
About Entro Security
An award-winning pioneer platform, Entro Security provides
Non-Human Identity Lifecycle Management, Secrets Security and
Non-Human Identity Detection and Response. Unlike traditional
methods that reactively scan for exposed secrets, Entro integrates
seamlessly within an organization's existing vaults, and secret
creation and exposure locations, offering a single pane of glass to
securely use and manage non-human identities and secrets at scale.
Headquartered in Boston and backed by top cybersecurity VCs, Entro
was named a Cool Vendor by Gartner, Venafi’s Most Promising Machine
Identity startup and is a 2023 Globee Awards Winner for Startup
Achievement of the Year. For more information, please visit
https://www.entro.security.
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version on businesswire.com: https://www.businesswire.com/news/home/20240618621007/en/
Nirit Icekson Entro Security media@entro.security Deb Montner
Montner Tech PR dmontner@montner.com