Aembit, the “Workload Identity and Access Management (IAM) Company”, has received an investment from CrowdStrike, through its CrowdStrike Falcon Fund.
This significant investment wraps up Aembit’s seed funding round, which it recently revealed closed on $16.6m.
The seed round secured backing from Ballistic Ventures, Ten Eleven Ventures, and Okta Ventures.
As an extension of this substantial investment, Aembit and CrowdStrike are forging a partnership to undertake technical integration with go-to-market alignment. This crucial collaboration aims to deliver customers with a thorough Zero Trust strategy, focusing on evaluating the identity and health of workloads before granting access to high-security resources.
Delving into the core of Aembit’s offerings, the company is centred on implementing Zero Trust principles to workload-to-workload deployments. This involves an intricate blend of workload identity, risk evaluation, and policy-driven access. Such a combination ensures that businesses can seamlessly integrate identity security throughout their applications, sparing their development and operations teams the undue pressure.
As enterprise applications become more decentralised, spanning software that the company develops to databases and even APIs from clientele and partners, it’s apparent that many corporations are placing their trust in secrets and secret managers. This trust is precarious, as these systems are not only fragile but also cumbersome to maintain. Plus, they don’t cater to the dynamic nature of creating, implementing, and auditing workload access policies.
Aembit CEO and co-founder David Goldschlag said, “The combination of workload identity, risk assessment, and policy-based access allows enterprises to provide sophisticated identity security across their applications without burdening their development and operations teams. We are excited to be partnering with CrowdStrike to bring Aembit’s Workload IAM approach to the enterprise.”
Adding to this sentiment, Gur Talpaz, vice president of corporate development at CrowdStrike and head of Falcon Fund, remarked, “Identity is a critical pillar to securing the modern enterprise at each layer of the stack. Aembit enables enterprises to take control of their machine identity access management and scale their security programs within their rapidly expanding cloud estate. We are excited to partner with the Aembit team to bring joint solutions to our customers.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
Copyright © 2018 RegTech Analyst