Entro Security, a Boston, MA-based cybersecurity company that specializes in Non-Human Identity (NHI) security and secrets management, closed $18 million in Series A funding.
Investors
The round was led by Dell Technologies Capital, with participation from seed investors Hyperwise Ventures and StageOne Ventures, and angel investors like Rakesh Loonkar and Mickey Boodaei. Since exiting stealth mode in May 2023, Entro has raised a total of $24 million.
Dell Technologies Capital is a VC arm of Dell Technologies that invests in enterprise and cloud infrastructure. DTC invests in determined early-stage founders who push the envelope on technology innovation for the enterprise, connecting them to the capital, expertise, and customers they need to take a company from start to scale.
Entro Security Use of Funds
The company will use the funding to scale global operations and meet the increasing demand for its platform across key industries.
About Entro Security
Entro Security provides Non-Human Identity Lifecycle Management, Secrets Security, and Non-Human Identity Detection and Response. Entro’s platform empowers security teams to implement and automate strong governance for secrets and NHI Management with real-time detection and response. Unlike traditional methods that reactively scan for exposed secrets, Entro integrates seamlessly within an organization's existing vaults, and secret creation and exposure locations, offering a single pane of glass to securely use and manage non-human identities and secrets at scale.
Funding Details
Company: Entro Security Ltd.
Raised: $18.0M
Round: Series A
Funding Month: June 2024
Lead Investor: Dell Technologies Capital
Additional Investors: Hyperwise Ventures, StageOne Ventures, Rakesh Loonkar, Mickey Boodaei
Company Website: https://entro.security/
Software Category: Cybersecurity
Source: https://www.businesswire.com/news/home/20240618621007/en/