Remediant, a privileged access management (PAM) software builder, has secured $15m in its Series A round.
Dell Technologies Capital and ForgePoint Capital served as the lead investors to the round.
Proceeds from the round will be used to expand Remediant’s marketing and field operations, product engineering, channel and customer success programs.
The San Francisco-based company develops cybersecurity solutions for real-time monitoring, zero trust protection of privileged accounts and just-in-time administration, across IT, security, and cloud environments. Its technology is used within financial institutions, government, legal firms, utilities and energy companies, and pharmaceutical businesses.
Its enterprise risk management tool mitigates risk across an enterprise for more than 100,000 endpoints for actionable insights. The technology also helps with regulatory compliance such as meeting audit standards for DFARS, NIST Compliance and SOX compliance.
Dell Technologies Capital managing director Deepak Jeevankumar said, “We’ve invested in Remediant because we have a shared vision of evolving legacy PAM solutions that are difficult to deploy, use and manage.
“Remediant is redefining the way organizations approach PAM with its unique Just-in-Time Administration platform that directly addresses credential theft — one of the biggest security challenges for IT and security teams, both on premise and in the cloud.”
Copyright © 2018 RegTech Analyst
