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Aembit has secured $25 million in Series A funding to enhance its non-human identity and access management platform, which focuses on securing automated systems like applications and bots. With growing concerns over non-human identity breaches, Aembit’s solution automates secretless, policy-based access across cloud and on-premises environments. The company’s innovative approach is gaining recognition from industry leaders and cybersecurity experts.
A $25 Million Boost: What It Means for Aembit’s Vision
Aembit recently secured $25 million in Series A funding, led by Acrew Capital, with participation from other prominent investors including Ballistic Ventures, Ten Eleven Ventures, Okta Ventures, and CrowdStrike Falcon Fund. This brings Aembit’s total capital raised to nearly $45 million. This funding will be used to drive innovation in the area of non-human identity and access management, particularly as more enterprises grapple with the challenge of securing automated systems and applications.
The investment reflects a growing recognition of the importance of securing non-human identities in modern organizations, particularly with the rise of cloud computing and AI-driven automation. Aembit plans to use this financial backing to further expand its capabilities, enhancing its leadership position in the sector.
The Rise of Non-Human Identities: Why It’s a Growing Concern
Non-human identities, which include applications, scripts, bots, and other automated processes, have become essential to business operations. These systems often require access to sensitive resources such as databases, applications, and infrastructure. Recent high-profile attacks on companies like Cloudflare and Microsoft have highlighted the vulnerabilities associated with these non-human identities, where attackers exploited unsecured access credentials, such as API keys and tokens, to infiltrate enterprise environments.
According to a survey conducted by Aembit, over 30% of organizations still store sensitive non-human credentials in code, while 23% rely on unsecured methods like email and chat to share these credentials. As businesses continue to expand their reliance on automated systems, the need for more secure, scalable methods of managing non-human identity access has never been more urgent.
Aembit’s Solution: Non-Human Identity and Access Management (IAM) Explained
Aembit’s solution focuses on managing and securing access between non-human identities and the sensitive resources they interact with. Its platform is designed to eliminate many of the common security issues associated with traditional access management systems by automating identity-driven, secretless, and centrally enforced access across distributed applications and cloud services.
Key features of Aembit’s platform include:
- MFA-strength conditional access, which ensures that only authorized entities can access critical resources.
- Policy automation via infrastructure-as-code, simplifying the process of defining and enforcing access rules.
- Comprehensive auditing capabilities that provide full visibility into non-human access activities, helping organizations detect and respond to potential threats more quickly.
By focusing on reducing the complexity associated with managing non-human access, Aembit’s platform offers an effective solution for enterprises looking to improve their security posture while maintaining the agility needed to support modern, cloud-based infrastructures.
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Shrinking the Attack Surface: How Aembit Redefines Enterprise Security
Aembit’s approach to non-human IAM significantly reduces the attack surface for organizations. By automating access controls and implementing proactive security measures, Aembit goes beyond simple visibility and governance, helping organizations prevent potential breaches before they occur. The platform’s secretless approach eliminates the need for developers and security teams to manage sensitive credentials, reducing the risk of those credentials being compromised.
Aembit’s proactive strategy has earned it recognition within the cybersecurity community. The company was recently named a Top 2 finalist in the 2024 RSA Innovation Sandbox competition and is a finalist for Best Identity Management Solution at the 2024 SC Awards. These accolades highlight the significance of Aembit’s innovations in the rapidly evolving field of enterprise security.
The Market’s Reaction: Why Industry Leaders Are Backing Aembit
Industry leaders have expressed strong support for Aembit’s approach to solving non-human identity access challenges. Mark Kraynak, founding partner at Acrew Capital, noted that the proliferation of microservices, APIs, and cloud-based applications has dramatically increased the number of non-human identities organizations must manage. Traditional IAM solutions are no longer sufficient to handle the scale and complexity of modern infrastructures.
Brad Jones, CISO at Snowflake, emphasized the importance of Aembit’s solution for organizations managing large-scale, automated environments. Aembit’s focus on eliminating friction for developers while enhancing security has made it a trusted provider for many enterprises looking to modernize their IAM systems.
Securing the Next Wave of Digital Transformation
As more businesses move toward cloud-based environments and rely heavily on automation, the need for effective non-human identity management will only continue to grow. Aembit’s platform is well-positioned to lead this charge, providing organizations with the tools they need to secure their automated systems without sacrificing flexibility or agility.
This latest funding round underscores the company’s commitment to innovation and will help Aembit expand its product offerings, ensuring it remains a leader in the IAM space. The continued backing from major investors and industry leaders highlights the importance of securing non-human identities in the future of digital transformation.
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