Source: www.securityweek.com – Author: Ryan Naraine.
Category & Tags: Cloud Security,Funding/M&A – Cloud Security,Funding/M&A
Silicon Valley startup Stack Identity on Monday emerged from stealth-mode with $4 million in seed-stage funding and ambitious plans to disrupt the identity and access management (IAM) governance category.
The Menlo Park, Calif. company said the seed funding round was co-led by WestWave Capital and Benhamou Global Ventures. Stack Identity also took on equity financing from early-stage VC outfit Plug and Play.
Stack Identity is entering a crowded market of startups building tools to automate identity and access management (IAM) governance to identify and eliminate cloud data threat vectors.
The company said it is focused on solving the “shadow access” problem for organizations struggling to manage the chaos of cloud identities and secure access to corporate data.
Stack Identity said it has worked on an algorithm that detects and eliminates unauthorized, invisible shadow access to prevent cloud data breaches.
Stack Identity’s technology delivers a live data attack map that reveals a prioritized view of cloud identity and access vulnerabilities to prevent data exfiltration, rogue access, or unauthorized data sharing.
The company said its tools can be used by enterprise cloud security teams to quickly identify every data access pattern; who, what, when, where and why there is data access and its impact on data security.
The company said the new financing will be used to scale product development and expand marketing to SMBs, mid-market and enterprise targets.
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Original Post: https://www.securityweek.com/investors-place-early-4-million-bet-on-stack-identity/
