Apono, a New York-based cloud-privileged access platform provider, has secured $15.5 million in Series A funding, bringing its total investment to $20.5 million.
Investors
The round was led by New Era Capital Partners, with participation from Mindset Ventures, Redseed Ventures, and others.
New Era Capital Partners is a venture capital firm that invests in technology-focused global enterprises. Founded in 2018 and based in Tel Aviv, Israel, the firm invests in ESG (environmental, social, and governance) technology companies.
Apono Use of Funds
The funds will accelerate product development and expand Apono’s AI-driven access management solutions. The company also plans to strengthen its U.S. sales, marketing, and R&D teams.
About Apono
Founded in 2022 by Rom Carmel and Ofir Stein, Apono specializes in cloud-privileged access management (PAM) and identity governance. Its solution helps organizations manage, secure, and control access to sensitive resources in complex, distributed cloud environments. Apono's Cloud Privileged Access Platform offers Just-In-Time and Just-Enough privilege access, enabling organizations to seamlessly operate in the cloud by bridging the operational security gap in access management. Today, Apono’s platform serves dozens of U.S. customers, including Fortune 500 companies.
Funding Details
Company: Apono, Inc.
Raised: $15.5M
Round: Series A
Funding Date: September 2024
Lead Investor: New Era Capital Partners
Additional Investors: Mindset Ventures, Redseed Ventures
Company Website: https://www.apono.io/
Software Category: Cloud Permission Management
Source: https://www.prnewswire.com/news-releases/apono-raises-15-5m-series-a-funding-for-ai-driven-least-privilege-solution-set-to-disrupt-traditional-access-security-302261412.html