Apono is proud to announce the successful completion of its Series A funding round, raising $15.5 million to further its mission of delivering AI-driven cloud access governance.
This funding round, led by New Era Capital Partners with participation from Mindset Ventures, Redseed Ventures, Silvertech Ventures, and existing investors, brings Aponoās total investment to $20.5 million.
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Aponoās Co-Founder and CEO Rom Carmel highlights āPrivileged access management and identity governance are converging, driving the need for more holistic identity and access security solutions, particularly within todayās dynamic cloud environments in which modern businesses operate.ā
The influx of capital will be used to accelerate product development, drive innovation, and expand Aponoās reach in the U.S. market. But this investment represents more than just financial backingāitās a strong endorsement of Aponoās vision to reshape how modern enterprises approach cloud identity and access management.Ā
New Era Capital Partnersā Ziv Conen underscores: āAponoās innovative solution addresses critical challenges in the cloud access management space. This investment reflects our confidence in Aponoās vision and their ability to lead the market with cutting-edge technology and exceptional customer focus.ā