Ron Daniel, Co-Founder and CEO of Liquidity Group (LinkedIn pic)
Israeli startup Authomize, which has developed a platform that detects and eliminates identity-based threats across the cloud, was acquired by American Privileged Access Management (PAM) solutions firm Delinea for an unspecified amount, However, Calcalist reported that the deal is worth tens of millions of Dollars. Meanwhile, Liquidity Group, an Israeli fintech startup that offers technologies that make it easier for people to handle investments, launched a new $200 million debt fund called Liquidity7. Harel Group has committed $30 million as the fund’s anchor investor.
Founded in 2018, Liquidity Group is a credit-oriented fintech platform that invests, syndicates and automates growth and middle market lending for businesses around the world, providing capital mainly to later-stage technology companies. Liquidity Group calls itself a “pioneering technology firm “that has become the industry’s “fastest growing” lender to mid-market, late-stage companies by automating the entire debt lending cycle. The firm boasts that its patented machine learning and decision science technology has enabled them to deploy “more capital through more deals faster than any firm in capital markets history.”
Liquidity Group specializes in developing AI technologies for financial applications, as well as manages credit and equity investments with a total AUM of $2.5 billion. The new fund, managed by a Liquidity Group subsidiary and licensed by Luxembourg’s Commission for the Supervision of the Financial Sector (CSSF), marks a collaborative effort between Liquidity Group and the Harel Group.
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The fund’s investment strategy involves extending credit to technology companies in various stages of growth across the Asia Pacific, the USA, and Europe, with individual credit lines ranging from $2 million to $20 million. The fund’s management company also holds the necessary licensing to extend credit in Germany’s regulated credit market.
Delinea is a provider of Privileged Access Management (PAM) solutions for the modern, hybrid enterprise. The Delinea Platform seamlessly extends PAM by providing authorization for all identities, granting access to an organization’s most critical hybrid cloud infrastructure and sensitive data to help reduce risk, ensure compliance, and simplify security. Delinea removes complexity and defines the boundaries of access for thousands of customers worldwide.
Founded in 2020, Authomize empowers organizations to establish identity-first security by detecting, investigating, and responding to identity and access threats. Customers use Authomize to protect their cloud services and applications from account takeovers, privilege escalations and identity-based attacks.
Authomize provides organizations with comprehensive observability, actionable insights, and remediation automation, enabling adherence to security and compliance requirements.
“The combination of Delinea and Authomize gives customers the power to detect and mitigate active identity threats across SaaS applications, cloud, and hybrid infrastructure,” said Art Gilliland, CEO at Delinea. “The extension of human and non-human identities beyond the traditional firewall requires continuous visibility into all SaaS applications, their connections to each other, and across hybrid environments. I’m very excited to bring the Authomize team into Delinea, which greatly extends the reach and expands the role of the Delinea Platform to help organizations of all sizes reduce identity-related risk.”
“Joining Delinea is a thrilling continuation of our journey of innovation and Authomize’s commitment to detect and eliminate identity-based risks across the cloud,” said Authomize CEO Dotan Bar Noy. “We’re looking forward to establishing the Israeli R&D center expanding Delinea’s presence in the region.”
“Together, we will greatly expand and enhance privilege security across the enterprise, addressing the rising identity threats across the industry,” added Authomize CTO Gal Diskin.
