The Non-Human Identity (NHI) and Secrets Management Platform developer Entro Security officials said on Tuesday that it has completed a $18 million Series A investment headed by Dell Technologies Capital and other top angel investors. Entro has received $24 million, with seed money from angel investors like Mickey Boodaei and Rakesh Loonkar as well as Stage One Ventures and Hyperwise Ventures.
With real-time detection and reaction, Entro’s technology assists security teams in implementing and automating effective governance for secrets and NHI management. The firm wants to centralize and contextualize NHIs and secret security data, giving users a comprehensive and detailed picture of all NHIs. The organization has already worked with clients in its first year, such as Regatta, SolarWinds, Elastic, KAYAK and Booking.
“According to the sources, NHI and secret breaches are the second most common and expensive type of attack. For this reason, interest in our platform among CISOs and security leaders has increased,” stated Itzik Alvas, CEO and co-founder of Entro Security. “We can’t wait to scale, serve our dozens of customers and lead this vertical with the Series A funding.”
“The staff at Entro Security is very knowledgeable about the complex challenges involved in safeguarding systems at the corporate level. Deepak Jeevankumar, Managing Director of Dell Technologies Capital, stated that Itzik and Adam were able to create a platform that is genuinely by practitioners, for practitioners to handle risks in machine-to-machine interactions since they had personally experienced these difficulties.
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