Apono comes out of stealth to redefine permissions management

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Today, DevSecOps company Apono launched a new cloud-native privileged access governance platform from stealth with $5 million in seed funding to help organizations meet the challenge of privilege and permission management.

The solution aims to provide an access management tool that allows devops and security engineers to securely manage permissions and avoid security and compliance risks, while ensuring that users can access the content they need without being overwhelmed by authentication measures.

For technical decision-makers, privileged access governance solutions are emerging as a critical and scalable alternative to gatekeeping access to sensitive resources and systems that is more user-friendly than less efficient multi-factor authentication-driven approaches.

authentication fatigue

The launch comes as more and more enterprises fail to control access privileges to systems, with 77% of organizations having at least some users with access privileges greater than their job requirements.

This access is problematic, as attackers routinely target privileged individuals with phishing attempts, knowing they have access to a goldmine of sensitive information, with 59% of businesses experiencing a cyberattack that involved phishing privileged credentials.

While many organizations are making concerted efforts to control user access to critical IT resources, many authentication solutions powered by ad-hoc multi-factor authentication are not scalable and rely on authentication mechanisms that are clunky and tiring for end users.

“Organizations must act faster than ever to deliver immediate value to their customers. To do this, they must provide access to privileged assets and repositories for sensitive data, while keeping it secure and adhering to compliance regulations,” said Apono CEO Rom Carmel.

“Outdated privileged access management solutions are not at the pace of delivering value required of businesses today and are not designed to secure cloud assets. With the multitude of applications, repositories and clouds in the environment, properly managing permissions in any resource becomes a major challenge,” said Carmel.

With modern enterprises evolving at such a rapid pace, Apono aims to meet the challenge of permission management by providing users with a single cloud-native platform to manage permissions across multiple sources and environments, so that they don’t have permissions for each on a case-by-case basis.

Ensuring Identity in the Age of Remote Work

The organization is part of the global identity and access management market, which according to researchers reached $12.26 billion in 2020 and is expected to reach $34.52 billion in 2028 as organizations move into the era of remote.

Apono competes with a range of other providers, including Saviynt, a cloud identity and access management platform with automated identity workflows, which raised $130 million last year and reached a total valuation of $170 million.

Another competitor is StrongDM, an infrastructure access and auditing solution with administrator controls to manage access with granular auditing, which raised $54 million last year, bringing total funding to date to $77 million.

While Apono competes with established competitors, it aims to differentiate itself by emphasizing cloud integration.

“By integrating with your cloud environments, Apono can provide a plug-and-play approach to access and permission management based on the insights of the environment, unlike any other existing solution. Built for DevOps, Apono aims to automate permission management while ensuring security and compliance,” said Carmel.

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This post Apono comes out of stealth to redefine permissions management

was original published at “https://venturebeat.com/2022/03/22/apono-emerges-from-stealth-to-redefine-permissions-management/”