Entro, a Tel Aviv, Israel-based cybersecurity startup offering secret security and management, announced that it raised $6 million in seed funding led by StageOne Ventures and Hyperwise Ventures.

Notable angel investors including Rakesh Loonkar (founder of Trusteer and Transmit Security), Mickey Boodaei (founder of Imperva, Trusteer, and Transmit Security), and Amichai Shulman (founder of Imperva and AirEye) also participated.

With the secured seed funding, Entro is well-positioned to further develop its secret security platform, expand its team, and enhance customer acquisition efforts.

Entro is the first and only holistic secrets security platform that detects, safeguards, and provides context for secrets stored across vaults, source code, collaboration tools, cloud environments, and SaaS platforms. In addition, Entro helps organizations meet regulations like SOC 2 that require secrets protection such as rotation, which the platform easily enables.

“We spoke with more than a hundred CISOs and heard the same complaints over and over," said Itzik Alvas, CEO and co-founder. "Companies have no idea how many secrets they hold in the cloud, where they are, who is using them, and most importantly, how to protect them.”

Entro was designed specifically for CISOs and security teams, providing them with full oversight and the ability to govern any secret from a single pane of glass, integrating into all places in which secrets can be found, including BYOV (bring your own vault). 

Company: Entro Security Ltd. 

Raised: $6.0M

Round: Seed Round

Funding Month: May 2023

Lead Investors: StageOne Ventures and Hyperwise Ventures

Additional Investors: Rakesh Loonkar, Mickey Boodaei, and Amichai Shulman 

Company Website: https://entro.security/

Software Category: Secrets Security and Management Solution

About the Company: Founded by Itzik Alvas and Adam Cheriki, Entro is a revolutionary cyber holistic security platform that offers end-to-end protection for secrets and programmatic access to cloud services and data. With Entro, CISOs, and cybersecurity professionals enjoy comprehensive oversight, ensuring uncompromised protection for their organizations.

Source: https://www.businesswire.com/news/home/20230517005148/en/Entro-Raises-6M-for-First-End-to-End-Secrets-Security-and-Management-Solution