Spera Team (company pic)
Spera, an Israeli cybersecurity startup offering proactive protection from identity-driven threats, is being acquired by American identity and access management company Okta for as much as $130 million. The final purchase price has yet to be set.
Founded in 2009 and based in San Francisco, Okta states that it provides a “neutral, powerful and extensible platform that puts identity at the heart of your stack. No matter what industry, use case, or level of support you need, we’ve got you covered.”
Arnab Bose, Chief Product Officer Okta, said in a blog post, “Spera Security builds on Okta’s existing ITDR capabilities with a focus on security posture management and attack surface management. With Spera Security, we will equip our customers with richer insights and technology to elevate their Identity security posture management, and quickly identify, detect, and remediate risks.”
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Okta said that Spera Security helps organizations reduce risk and drive down fragmented enterprise IT and costs. Security and IT practitioners will be able to capitalize on:
Founded by cybersecurity veterans Dor Fledel, CEO and Ariel Kadyshevitch, CTO, Spera boasts that its platform creates a real-time, continuously updated, risk and context-based inventory of identities and access across cloud and on-prem environments. This inventory is then rapidly analyzed, assessed and normalized, arming security teams with critical granular insights for remediating and preventing identity-driven attacks.
According to IBM’s Cost of a Data Breach report, identity-based attacks involving compromised credentials and phishing were the two most common and costly attack vectors of 2022. While ongoing cloud and SaaS adoption helps enterprises operate more efficiently, it also compounds existing risks and increases an already expansive attack surface. Most enterprises struggle with loosely managed identities and stale, over-privileged accounts that attackers leverage for malicious activities. Legacy Identity and Access Management (IAM) solutions do not provide data-driven analysis, context and remediation of this chaos, which leads to lagging security processes and inter-organizational friction. As a result, security professionals lack the context and insights they need to build an effectively secured identity perimeter.
Spera raised $10 million in a seed funding round led by YL Ventures in August 2023.
