Ermetic, a Palo Alto, CA- and Tel Aviv, Israel-based cloud infrastructure security company, closed a $70 million in Series B financing.
The round was led by Qumra Capital, with support from new investor Forgepoint Capital and participation from existing investors Accel, Glilot Capital Partners, Norwest Venture Partners, and Target Global.
As part of the financing, Boaz Dinte, Managing Partner at Qumra, has joined the company’s board of directors.
The company, which has now raised $100M in funding, intends to use the funds to scale sales and marketing operations in the US, Europe, the Middle East and Africa, and the Asia Pacific, as well as grow its engineering team.
Company: Ermetic LTD.
Round: Series B
Funding Month: December 2021
Lead Investors: Qumra Capital
Additional Investors: Forgepoint Capital, Accel, Glilot Capital Partners, Norwest Venture Partners, and Target Global
Company Website: https://ermetic.com/
Software Category: identity-first cloud infrastructure security platform
About the Company: Led by Shai Morag, CEO, Ermetic is an identity-first cloud infrastructure security platform that provides holistic, multi-cloud protection in an easy-to-deploy SaaS solution. Ermetic helps prevent breaches by continuously analyzing permissions, configurations, and behavior across the full stack of identities, network, data, and compute resources. Using advanced analytics to assess, prioritize and automatically remediate risks, Ermetic makes it possible to reduce your attack surface and enforce the least privilege at scale even in the most complex cloud environments. Ermetic provides a SaaS platform that detects and prevents security threats within complex AWS, Google Cloud, and Microsoft Azure environments giving holistic multi-cloud protection for global enterprise customers. Since its last round of financing, the company has quadrupled in size to more than 100 employees, increased its number of customers by 800%, and now protects millions of resources.