Akeyless, a pioneer in the identity security sector, recently received a strategic investment from Deutsche Bank’s Corporate Venture Capital group.
Akeyless stands out by offering the first Unified Secrets & Machine Identity Platform, tailored to combat the primary cause of breaches: compromised identities and secrets.
This infusion of capital is expected to further propel Akeyless’s mission in the identity security arena.
Akeyless is making waves by offering a singular solution for the pressing issue of identity security, especially critical in today’s multi-cloud enterprise environments. The company’s innovative platform addresses the vulnerabilities of non-human identities—like applications and automated processes—that use secrets such as credentials and keys for secure communication. The complexity and inefficiency of using multiple tools for secrets and machine identity management across various vendors traditionally elevate costs and risks, which Akeyless aims to mitigate.
In a significant endorsement, Oded Hareven, co-founder and CEO of Akeyless Security, emphasized, “According to data we compiled, enterprises are using more than 12 tools across 15 categories and 75 vendors for secrets and machine identity management. This not only increases cost and complexity but also weakens the enterprise security posture.
“The strategic investment from Deutsche Bank will accelerate our mission to prevent breaches by empowering enterprises with enhanced control, visibility, and security for efficient management of their secrets and machine identities.”
Joerg Landsch, Head of Central Corporate Venture Capital, Deutsche Bank, said, “We welcome Akeyless as the latest addition to Deutsche Bank’s CVC portfolio. Our focus is on strategic corporate venture capital investments in startups that use technology to either support and enable innovative services, or increase productivity of processes. We commit capital, expertise, access and resources to our strategic investments to enable growth and success.”
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