Secrets management and authentication platform Akeyless raises $14M

30 Apr, 2021

Secrets management and authentication platform Akeyless raises $14M
Photo by Andres Garcia on Unsplash

– Akeyless, a software-as-a-service platform for authentication and digital access, announced it has raised $14 million in a series A round led by Team8.
– Akeyless has offices in New York and Tel Aviv and says the round will be put toward hiring and global expansion as it looks to grow its customer base.
– As the transformation to hybrid and multicloud evolves — with 92% of organizations characterizing their operations as at least “somewhat” in the cloud — secrets like passwords, credentials, certificates, and keys are seeing heavy use in workloads, as well as by privileged users, teams, and IT security software.
– What was previously solved by key management systems has become much more challenging, given the scale of the cloud-distributed infrastructure.

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