Authomize secures $6 Million Funding and offers Automated Authorization Governance & Management solution

Authomize, an Israel based provider of a cloud-based authorization management solution, has recently secured $6 million in a seed funding round.

In 2019, Authomize was founded by the Dotan Bar Noy, Gal Diskin, and Ron Liberman. It enables organizations to manage and secure complex and different applications across hybrid environments. 

Dotan Bar Noy, Co-founder and CEO at Authomize, said, "We founded Authomize after seeing the chaos organizations experience when it comes to managing the authorization lifecycle. Current Identity Governance and Administration (IGA) tools lack the ability to provide the intelligence and automation needed to make informed and efficient decisions. With Authomize, IT and Security teams can make highly informed decisions or choose to automate processes, removing the need to compromise between IT efficiency and impeccable security hygiene."

Yodfat Harel Buchris, managing director at Blumberg Capital, said, "Many companies are in the dark about how to effectively manage authorizations. It can become impossible to manage and secure authorizations and identities, especially in today's workplace, with record numbers of employees working outside the perimeter. Authomize addresses this pain point with an innovative approach, enabling companies to keep growing and adapting to the rapidly changing norm without the security and operational risks."

Authomize help in preventing permission sprawl. The company also helps in adhering to security and compliance standards. With the help of "SmartGroups" technology, system collects real-time data and offers predictions along with their possible solutions to IT and Security teams, notes the announcement.

The latest $6 Million funding round was backed by the Entrée Capital, Blumberg Capital, and M12 Microsoft Venture Fund.

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