accSenSe, which claims to be the first and only enterprise-ready business continuity platform for Okta, has raised $5m for its seed round.
Okta is an identity and access management company. It offers cloud software that helps companies manage and secure user authentication into applications and enables developers to build identity controls into applications.
The seed round was led by Joule Ventures, a US-based partner-only seed fund. Other commitments came from Gefen Capital, Fusion and independent investors.
accSenSe will spend the funds on expanding to other IAM vendors and accelerating its expansion and hiring efforts.
Founded in 2020 by Dell EMC veterans, accSenSe aims to combat the challenges of human error and insider threats that plague IAM systems. Its platform allows organisations to maintain secure access to critical SaaS applications following any cyberattack or misconfiguration.
Features include one-click full tenant recovery, fail-over access to a secondary tenant, identify and investigate changes between different PiTs, low RTO and RPO and more.
accSenSe co-founder and CEO Muli Motola said, “In today’s threat landscape, Cloud Identity Access Management systems are highly vulnerable to security breaches, human error and insider threats.
“It is our mission to ensure that every IAM solution has optimal accessibility, maximum uptime and next-level operational efficiency. Thanks to our investors, we can accelerate our journey to ensure organisations have the secure access to critical SaaS applications they need for access and business continuity.”
A study from The Identity Defined Security Alliance found that 84% of organisations experienced identity-related breaches last year.
In other identity news, Sterling acquired Latin American screening business Socrates. The acquisition will help Sterling expand its global presence into Latin America to serve the growing regional hiring requirements of both multi-national and local clients.
Sterling is a global provider of background screening and identity services.
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