Palo Alto-based startup, Spera, has announced that it has sealed $10 million in seed funding from YL Ventures, along with a number of prominent angel investors and entrepreneurs, according to a report by TechCrunch on Wednesday, March 29.
A man takes part in the Summer School of the intelligence agencies AIVD and MIVD in Zoetermeer, on August 1, 2022. - For two weeks, interested parties can get to know the work of both services, through technical cybersecurity training, presentations and practical exercises.
Number 1 Attack Vector
According to the company's founders, Dor Fledel and Ariel Kadyshevitch, an organization's identity surface is now the number one attack vector.
However, as companies increasingly rely on third-party services, it is becoming increasingly hard to manage with legacy tools.
This frequently entails giving employees access to tools they do not need in order to perform their jobs, giving them excessively high privileges in other tools, or allowing former employees' accounts on third-party platforms to continue to function.
Businesses can manage all facets of identity security with Spera's single end-to-end platform, including visibility and context to stop attacks and repair when things go wrong.
Spera's solutions help organizations minimize their license prices, which serves a function that goes beyond security at a time when many businesses are eager to cut expenditures. This is accomplished by locating inactive accounts that can be disabled.
The platform's agentless connectivity with current identity providers and cloud- and on-prem apps, according to the business, makes getting started on it rather simple.
Spera believes that businesses need to take advantage of identity sprawl and exploit it to grow. The company's main goal is to give security teams the tools they need to support their organization's use of identities without compromising security.
Identity Sprawl
The company notes that identity sprawl is an issue that has existed for some time but was not sufficiently resolved by old solutions, processes, or techniques.
"Security teams couldn't see their identity jungle for the trees and had to use manual, ineffective tools to make sense of the partial insights and distributed data they gained from their identity stacks," Spera wrote on its website.
Spera claims that the favorable reviews it has gotten from its first clients demonstrate its effectiveness. Following the platform's deployment, partners of the business stated that 75% of their crucial identity problems had been handled.
"This is a manifestation of our goal - to help security teams gain a deeper understanding of their identity landscape and take action using the most comprehensive but simple and easy-to-use tools available."
In sum, Spera is poised to help businesses with its innovative end-to-end tool to manage identity security, with its agentless integration with existing identity providers, and cloud- and on-prem applications.
Spera is a significant addition to the security industry and a welcome solution to the identity sprawl problem space.
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