Apono Team (from website)
Apono is an Israeli startup that offers “privileged access” for secure use of cloud based services. The firm raised $15.5 million in a Series A funding round led by New Era Capital Partners. “Apono” is the Hawaiian word for “approve.”
Apono is a cutting-edge cloud access governance platform designed to meet the evolving needs of modern enterprises. By providing deep visibility, robust security, and AI-driven insights, Apono empowers organizations to secure their cloud environments while ensuring a seamless user experience.
Apono’s recent funding will fuel its mission to provide innovative, AI-powered access management solutions for complex cloud environments. These funds will accelerate product development, drive growth, and strengthen Apono’s position as a leader in identity security. With a total investment of $20.5 million, this round demonstrates strong investor confidence in Apono’s vision and capabilities.
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Founded in 2022 by Rom Carmel (CEO) and Ofir Stein (CTO), Apono leadership leverages over 20 years of combined expertise in Cybersecurity and DevOps Infrastructure. Apono’s Cloud Privileged Access Platform offers companies Just-In-Time and Just-Enough privilege access, empowering organizations to seamlessly operate in the cloud by bridging the operational-security gap in access management. Today, Apono’s platform serves dozens of customers across the US, including Fortune 500 companies, and has been recognized in Gartner’s Magic Quadrant for Privileged Access Management.
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.
“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.”
