Israeli cloud-based authorization management solution Authomize emerged from stealth to announce a $6 million seed round on Tuesday, backed by Blumberg Capital, M12 Microsoft’s venture fund, and Entrée Capital.
The company also announced the launch of its Automated Authorization Governance and Management solution.
Founded in 2019, Automize enables organizations to manage and secure complex and vastly different applications across cloud and on-premise applications. It also prevents permission sprawl and ensures adherence to security and compliance standards.
“We founded Authomize after seeing the chaos organizations experience when it comes to managing the authorization lifecycle,” said Dotan Bar Noy, co-founder and CEO at Authomize. “Current Identity Governance and Administration (IGA) tools lack the ability to provide the intelligence and automation needed to make informed and efficient decisions. With Authomize, IT and Security teams can make highly informed decisions or choose to automate processes, removing the need to compromise between IT efficiency and impeccable security hygiene.”
Authomize delivers a single view of all scattered applications, across all environments. It also grants deep granular visibility with prescriptive and corrective suggestions to take informed and fully automated actions. Authomize’s solution reduces the burden on IT and secures identities by providing them with the exact right level of permissions, while also managing risk and ensuring compliance.
“Many companies are in the dark about how to effectively manage authorizations,” said Yodfat Harel Buchris, managing director at Blumberg Capital. “It can become impossible to manage and secure authorizations and identities, especially in today’s workplace, with record numbers of employees working outside the perimeter. Authomize addresses this pain point with an innovative approach, enabling companies to keep growing and adapting to the rapidly changing norm without the security and operational risks.”