accSenSe, a Tel Aviv, Israel-based first and only enterprise-ready business continuity platform for Okta, announced that it raised $5 million in seed funding.
Joule Ventures, a US-based partner-only seed fund, led the round, which included participation from Gefen Capital, Fusion, and independent investors.
The funds will be used to expand to other IAM vendors and to accelerate new market expansion and hiring.
“In today’s threat landscape, cloud Identity Access Management systems are highly vulnerable to security breaches, human error, and insider threats,” said Muli Motola, accSenSe’s co-founder, and CEO. “It is our mission to ensure that every IAM solution has optimal accessibility, maximum uptime, and next-level operational efficiency. Thanks to our investors, we can accelerate our journey to ensure organizations have the secure access to critical SaaS applications they need for access and business continuity.”
The accSenSe Platform provides an air-gapped, reliable architecture. This enables organizations to protect their data assets and ensure business continuity, even in the face of sophisticated attacks.
Company: Empyrean Technologies Ltd.
Raised: $5.0M
Round: Seed Round
Funding Month: January 2023
Lead Investors: Joule Ventures
Additional Investors: Gefen Capital and Fusion
Company Website: https://accsense.io/
Software Category: Identity Access Management
About the Company: Founded in 2020 by Dell EMC veterans, accSenSe is an easy-to-use, set-it-and-forget-it SaaS platform that backs up your Cloud Identity Access Management systems and configurations. Its mission is to protect and recover critical IAM systems with our state-of-the-art continuous access and business continuity platform. accSenSe provides Okta customers with both workforce and customer IAM needs with a single platform for continuous protection and real-time access management. The accSenSe platform is designed to make your IAM system resilient, with features such as one-click recovery, constant verification of backed-up data, periodic testing for keeping the backup up-to-date, and the ability to identify changes between different PiTs (Points in Time).
Source: https://www.prweb.com/releases/2023/01/prweb19114904.htm