In order to secure DevOps and IT workloads within hybrid and multi-cloud settings, Akeyless, a Tel Aviv, Israel-based SaaS-based secrets management platform, recently announced that it had raised $65 million in Series B funding, bringing the total funding to date to $80 million.
Team8 Capital and Jerusalem Venture Partners, two previous investors, joined NGP Capital in leading the round.
Akeyless Security Ltd., a startup that offers secrets management software as a service for DevOps and IT workloads, announced today that it has raised $65 million in new capital.
NGP Capital led the Series B round, which increased Akeyless’s total funding to $80 million. Along with Mike Christenson, the former chief operating officer and president of New Relic Inc. and CA Technologies Inc., who joins the board, other investors in the round included Team8 Capital and Jerusalem Venture Partners.
The “zero-knowledge” secrets management as a service platform, developed by Akeyeless, centralises secret management and security across multi-cloud and DevOps settings. Oded Hareven, CEO and co-founder of Akeyless, claims that current secret management solutions “do not fit the current needs of organisations.”
“Organizations are searching for an alternative to commercial systems with expensive licence prices that are challenging to setup and operate, as well as open-source secret vaults that are far from free when you consider the considerable maintenance requirements.”
The attack surface should be reduced by secret management, but current approaches merely widen it by adding more infrastructure that teams must secure and maintain.
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