Ermetic Announces Strategic Investment from Splunk Ventures to Help Customers Solve Security Issues
Ermetic has announced Splunk Ventures as a strategic investor. Splunk Ventures is the venture capital arm of Splunk, the leader in data platforms for security and observability, which plans to work with Ermetic to partner to further help customers solve data security issues. security in multi-cloud infrastructure environments.
This follows Ermetic’s recent $70 million Series B funding round led by Qumra Capital with backing from new investor Forgepoint Capital and participation from existing investors Accel, Glilot Capital Partners, Norwest Venture Partners and Target Global. . The company has now raised $100 million in funding for its security platform that provides holistic multi-cloud protection for global enterprise customers.
“We are delighted to welcome Splunk Ventures as a strategic investor in Ermetic and to share their commitment to helping customers secure their cloud infrastructures,” said Shai Morag, CEO of Ermetic. “The amount of data that needs to be analyzed and processed to protect cloud resources from risks associated with entitlements and misconfigurations is growing at an exponential rate. We look forward to working with Splunk to help our mutual customers resolve these issues. »
This strategic investment from Splunk Ventures will help Ermetic extend the capabilities of its integrated Cloud Infrastructure Entitlement Management (CIEM) and Cloud Security Posture Management (CSPM) platform to meet current and emerging customer needs. The company will also work with Splunk to deepen its product integration and partnership to increase customer value.
“We share Ermetic’s vision for securing complex cloud infrastructures by exposing and remediating risks hidden in massive amounts of policy and activity data,” said Varoon Bhagat, Vice President of Business Development for Splunk. “Ermetic’s identity-focused approach to cloud security is a natural fit for Splunk Ventures, which invests in innovative companies that complement Splunk’s scalable data platform and maximize value for our customers. common customers.”
Ermetic has developed a comprehensive cloud security platform for AWS, Azure, and GCP that enables organizations to proactively reduce their attack surface, detect threats, and reduce their blast radius in the event of a breach. It provides everything from comprehensive visibility and actionable risk insights, to automated remediation, real-time anomaly detection and compliance.