Cloud access management startup Apono announced that it has successfully secured $15.5million in Series A funding round, bringing their total investment to $20.5million. This investment is to further its mission of leveraging Artificial Intelligence (AI) to deliver Cloud Access Governance. This massive funding round was spearheaded by New Era Capital Partners, with notable participation from Mindset Ventures, Redseed Ventures, Silvertech Ventures, and existing investors.
Founded in 2022 by Rom Carmel (CEO) and Ofir Stein (CTO), Apono is quickly becoming a game-changer in cloud security. Their Cloud Privileged Access Platform enables organizations to manage access to critical resources in cloud environments.
Managing access to critical resources has always been a challenge. Apono’s platform uses AI to drive least privilege and anomaly detection. They provide organization with two crucial security principles: ‘Just-In-Time’ and ‘Just-Enough’ access management. This means that users are only granted the minimum necessary permissions required for their tasks, exactly the access they need, when they need it and nothing more. Additionally, AI-based anomaly detection adds another layer of security, alerting organizations to unusual access behaviors before they escalate into potential breaches.
Apono plans to also accelerate product development, drive innovation, and expand its reach in the U.S. market. Furthermore, Apono is expanding its enterprise support teams to ensure that as its customer base grows, it can continue providing world-class service. Apono AI-driven products will further enhance the platform’s capabilities to meet the evolving needs of the modern cloud environment. Their growing customer base and impressive revenue growth suggest that this innovation is highly welcomed by organisations seeking modern security solutions.
They serve as a promising example of how AI can be effectively harnessed to solve complex cybersecurity challenges. As cloud environments become increasingly complex, solutions that can automate and intelligently manage access rights while maintaining security will become highly valuable. Apono’s unique value proposition-combining automation, AI-driven least privilege, and frictionless workflows-is setting new standards in the industry.
About the author:
