Aporeto bags $20m Series B to support go-to-market expansion plans

Aporeto, a provider of identity-powered security services, has bagged $20m for its Series B round.

Comcast Ventures, a San Francisco-based venture capital firm, led the round which was also backed by several strategic and financial investors including National Grid Partners and Telia Ventures. Previous backers of Aporeto, Wing VC and Norwest Venture Partners, made renewed contributions to the company.

This equity was raised to support the growth and go-to-market expansion plans of Aporeto and will capitalise on the ‘significant’ momentum it has witnessed in securing cloud and hybrid environments.

Aporeto helps enterprises to protect cloud applications from threats by authenticating and authorising all communications with a cryptographically signed identity which is specifically assigned to each workload. Through a zero-trust security policy and automated authentication, DevOps can boost security around operations.

Aporeto CEO Jason Schmitt said, “The market is recognizing that cloud adoption is compromising the effectiveness of last-generation network security tools designed for static data centres and IP addresses. The automation, flexibility and scale of cloud environments demand identity-based security that can adapt dynamically and secure absolutely.”

As part of the investment, Comcast Ventures managing director David Zilberman will join the Aporeto board of directors.

Last year, Comcast Ventures participated in the $95m funding round of data-as-a-service company Enigma. The platform enables enterprises to improve their data usage to make better informed business decisions, solve problems and unlock new opportunities.

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