Apono raises $5 million Seed round for permissions management platform
The Israeli startup’s cloud-native access governance solution allows organizations to securely manage permissions and adhere to compliance and customer information security requirements
Israeli startup Apono has completed a $5 million Seed round led by Meron Capital with participation from Booster Ventures, YYM and 15 angel investors. Angels include several founders of successful cybersecurity companies and industry veterans such as Ofir Ehrlich, Shlomi Boutnaru and Doron Alter.
Apono was founded in late 2021 by Rom Carmel (CEO) and Ofir Stein (CTO) who have over 20 years of experience in DevOps and Security combined. Rom held management positions in the R&D of the cyber divisions of the Israeli Prime Minister’s office where he obtained first hand experience of cybersecurity failures in organizations. Ofir was an Air Force officer in the Ofek unit. As one of the first developers and later on a core product development leader at Logz.io, Ofir and the developers he managed suffered from the problem of mismanaged permissions first hand.
“Everyday we hear about another company whose customer information has been leaked. The leading cause is inadequate privilege management,” said Apono CEO Rom Carmel. “Companies are urged more than ever to deliver fast value to their customers. They cannot have permissions get in the way of employees’ ability to fix bugs, support customers or develop new features. Yet they need to be secure and compliant. We come with the message that business productivity should not come at the cost of security, nor should security come at the cost of productivity. Our clients come to us because they are tired of compromising.”
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Apono’s cloud-native access governance solution allows organizations to securely manage permissions and adhere to compliance and customer information security requirements. Apono's approach is dynamic and context-based, meaning it provides the exact permissions required, under the exact time frame required to execute the task at hand.
The company, which currently employs 10 people at a development center in Israel and is hiring internationally, said its product is already being used by large organizations in both the U.S. and Europe.
