“Every enterprise today faces the growing challenge of efficiently securing access across cloud resources and cloud providers. Apono has demonstrated its ability to provide a simple, innovative, and secure solution that addresses this critical need,” said Stephen Lowing, Vice President of Marketing. “I’m thrilled to join a company that understands the breadth and depth of this challenge and look forward to reaching and delivering for more customers.”

“This is a very exciting time for Apono. The market opportunity is clear, and we’re thrilled to add the right talent to capitalize on it,” said Rom Carmel, CEO and Co-founder of Apono. “Steve and Dan will be instrumental in this phase of our growth. We’re excited to benefit from their expertise and look forward to building upon this momentum.”

To learn more about Dan Parelskin and Stephen Lowing and the rest of the Apono leadership team, visit the website here.

The post Dan Parelskin and Stephen Lowing Join Apono’s Leadership Team appeared first on Digital IT News.

The newly secured funds will be used to advance Apono’s mission of providing AI-driven, simple, innovative, and secure solutions that organizations need to manage access in complex, distributed cloud environments. Additionally, these newly secured funds will be used to accelerate product development and enable Apono to continue its growth, deliver unparalleled value to its customers, and solidify its position as a leader in the identity security space. This latest round brings the total investment from new and current investors to $20.5 million, underscoring strong investor confidence in Apono’s vision and capabilities.

Apono is a next-gen solution for cloud access governance. The company is committed to delivering capabilities that meet the dynamic needs of modern enterprises and support the development, operations and security teams responsible for securing and maintaining cloud environments they depend on. Apono’s innovative approach provides organizations with a deep understanding of privileged access within their cloud environments, enforces robust security guardrails, and leverages AI-driven least privilege and anomaly detection capabilities to enhance security measures while providing a frictionless experience for end-users.

“Today, more than ever, we are seeing a shift in the identity space,” said Apono’s Co-Founder and CEO Rom Carmel. “Privileged access management and identity governance are converging, driving the need for more holistic identity and access security solutions, particularly within today’s dynamic cloud environments in which modern businesses operate. As we continue our rapid growth, this funding will enable us to maintain our momentum and continue delivering cutting-edge solutions to our clients. Our investors were drawn to Apono’s unique AI-driven product offering, innovative approach, and its swift adoption by enterprises, recognizing the company’s potential to lead the identity security market.”

With this investment, Apono is set to significantly expand its US sales and marketing teams, while also expanding investments in research and development. After the company recorded a 300% increase in revenue the last 3 quarters, Apono has welcomed several key industry executives, further bolstering its market position and enhancing its ability to support a rapidly growing customer base. Customers can anticipate new AI-based access product offerings and improved support from Apono’s sales engineering and customer success teams, which have tripled in size in the US. Additionally, to meet the needs of new enterprise customers, the company has added enterprise support teams who will deliver the scale of service today’s enterprises require. These strategic developments will ensure seamless onboarding and continuous support for Apono’s expanding clientele.

“We are thrilled to support Apono in their mission to revolutionize identity and access security,” said Ziv Conen, Partner at New Era Capital Partners. “Apono’s innovative solution addresses critical challenges in the cloud access management space, providing organizations with robust, scalable solutions. This investment reflects our confidence in Apono’s vision and their ability to lead the market with cutting-edge technology and exceptional customer focus. We look forward to supporting Apono’s continued growth and success as they redefine how businesses manage and secure access in today’s dynamic environments.”

“We were able to self-service Apono in minutes, which significantly enhanced customer trust in our global multi-cloud platform. This seamless integration allows our teams to work without friction, ensuring efficiency and productivity. Moreover, it helps us maintain a least-privilege cloud environment, which is crucial for our security and compliance standards,” said Arthur Goren, Director of Cloud Engineering at Hewlett Packard Enterprise.

Apono is devoted to addressing the evolving needs of the identity and access security landscape, particularly as it has grown to play a more significant role in today’s modern cloud environment. Apono’s solution was built from the ground up to empower organizations to deliver just-in-time, just-enough access management at scale by bridging the security-operational gap in identity and access management. With a focus on innovation and customer success, Apono is poised to redefine how organizations manage and secure access, ensuring robust protection and seamless operations in an ever-changing digital world.

“In response to the growing complexity and security threats associated with cloud adoption, forward-thinking organizations are increasingly aligning the goals and workflows of their security and engineering teams,” said Katie Norton, Research Manager, DevSecOps and Software Supply Chain Security at IDC. “Cloud identity and privilege management are central to these alignment efforts. Apono’s approach to cloud privileged access management aligns with these goals and helps bridge the gap between security and engineering teams.”

For more information on Apono and what the newly secured funds will be used for, visit the website here.

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The post Apono Raises $15.5M in Series A Newly Secured Funds appeared first on Digital IT News.

The Apono Platform significantly enhances resource visibility and discovery, empowering users to continuously monitor activity across their expanding cloud environments. This amplified visibility and additional context fuel the refinement of automated access policies within Apono. Furthermore, augmented integrations and automated access provisioning enable Apono to more effectively leverage existing tools, allowing for more agile access management of cloud resources and the escalation of privileges during security incidents.

Key Features of the Apono Platform Include:

• Continuous Discovery – Use real time discovery of cloud resources and infrastructure to maintain visibility and build dynamic access policy.
• Access Threat Detection and Response – Continuously detect anomalous and potentially malicious cloud access attempts. Quickly block and revoke access with a single click.
• Access Activity Audit – Streamline incident response and simplify compliance reporting with complete visibility into who accessed what resource when.
• Least Privilege Recommendations – Protect cloud data and resources without promising productivity with intelligent access right sizing that optimizes privileges and balances risk with business needs.
• Automated Provisioning of Time-Bound Access Privileges – Minimize approval wait times while reducing access risk with self-serve requests and automated, context-based provisioning.
• Context Integrations – Pull context from your existing toolstack to quickly escalate permissions for key personnel during incident response.

Identity continues to be the most critical threat vector for high impact cybersecurity incidents. Forrester found that identity and privileged access credentials now account for 61% of all data breaches. Additionally, the growing adoption of cloud computing has created a critical need for securing access to sensitive cloud data and resources. Apono’s Just-In-Time, Just-Enough approach to cloud privilege access offers organizations a simple, scalable solution to address this challenge without hindering business operations.

“With Apono, we’ve reduced the time it takes for our team to access essential resources, freeing up valuable time and preventing potential data breaches worth tens of millions of dollars,” said Drew O’Connor, Director of Cloud Infrastructure, Labelbox. “We are thrilled by the capabilities that Apono has enabled for our team and look forward to the innovation and security that Apono continues to deliver for our organization.”

Apono provisions access directly at the resource level, consolidating cloud policy management for the entire customer environment onto a single platform. This results in faster deployment, reduced management overhead, and significantly finer-grained control. Today’s update demonstrates the company’s continued commitment to providing the most comprehensive and advanced solution for organizations seeking to secure their cloud environments and resources while maintaining efficiency.

“We come with the message that business productivity should not come at the cost of security, nor should security come at the cost of productivity. Our clients come to us because they are tired of compromising,” said Rom Carmel, CEO & Co-Founder, Apono. “Organizations that use Apono reduce their cloud attack surface by an average of 94%. These features will help take the guesswork out of building secure policy and add an additional layer of protection against data breach.”

To learn more about the Apono Platform, visit the website here.

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