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Stack Identity Raises USD 4M Seed Funding to Solve Biggest IAM Operations Problem of 'Shadow Access' for EnterprisesBacked by cybersecurity industry veterans, Stack Identity’s patent-pending algorithm detects and eliminates unauthorized, invisible shadow access to prevent cloud data breaches | ||
Pune, Maharashtra, India Stack Identity, a Silicon Valley startup automating identity and access management (IAM) governance to identify and eliminate cloud data threat vectors, today announced the closing of a $4 million seed funding round Co-led by US -based WestWave Capital and Benhamou Global Ventures.
“We are very proud to co-lead the investment in Stack Identity,” said Gaurav Manglik, General Partner at Westwave Capital. “Venkat and the team are tackling an untenable security problem created by the proliferation of thousands of automated and human identities in the cloud, with an identity-first data security approach. We believe in the team’s expertise in security, and Stack Identity’s deep technology to differentiate in a crowded IAM market.”
“Stack Identity represents the winning formula we look for in our deal evaluation frameworks, namely, the combination of technology and team,” said Yashwanth Hemaraj, Partner at Benhamou Global Ventures. “As we accelerate into an Enterprise 4.0 world, Stack Identity is primed to emerge as a future market leader in the IAM space as enterprises accelerate digital transformation initiatives and the sanctity and security of data continue to increase in importance and value.”
Visit us at www.stackidentity.com, and follow us on LinkedIn.
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