Israel-based Rezonate is a new identity protection that has launched from stealth following the close of an $8.7m funding round.
Commitments to the investment came from State of Mind Ventures, Flybridge, toDay Ventures, Merlin Ventures seed fund and others. Unnamed angel investors also joined the round.
With the capital, the RegTech company is planning to bolster its go-to-market efforts and explore new innovations and partnerships.
Rezonate was co-founded by Roy Akerman and Ori Amiga. The team claims to have created the industry’s first cloud identity protection platform (CIPP).
Its platform creates a unified view across identity and cloud infrastructure providers, giving security and DevOps teams the power to detect, prioritise and remediate identity-based threats in real time.
This CIPP platform was purpose-built to eliminate identity and access-based risks. This includes critical security gaps, abnormal access attempts and active threats.
The platform offers a real-time and adaptive security architecture, improving identity posture management, identity threat detection and response, and operational visibility.
Rezonate CEO Roy Akerman said, “The rapidly-changing cloudscape together with the proliferation of human and machine identities requires a different approach.
“Modern infrastructures require a precise and nimble way to outsmart attackers. One that primes cloud identities and access at its core and is constantly adapting to current dynamics over yesterday’s snapshots and, for the first time, gives defenders and builders the means to act confidently.”
Another RegTech company launched from stealth this week. Axiom is a cloud security solution that launched after raising $7m for its seed round. The company supplies security and IT teams with a user-friendly platform that automatically orchestrates cloud and SaaS identity and access management operations.
bondIT is another Israel-based FinTech company to secure funds this week. The company, which develops investment technology for investors, raised $14m from BNY Mellon.
Copyright © 2022 FinTech Global
Copyright © 2018 RegTech Analyst
