Ermetic

Company Overview

Snapshot

Founded in February 2019 by Shai Morag, Sivan Krigsman, Arick Goomanovsky, and Michael Dolinsky, Ermetic operated with 51–200 employees. The company raised a total of $97.25M across 4 funding rounds from 7 investors. Ermetic was acquired by Tenable in September 2023.

Business overview

Ermetic provides an identity-first cloud infrastructure security platform designed to offer holistic, multi-cloud protection through an easy-to-deploy SaaS solution. The company helps prevent breaches by continuously analyzing permissions, configurations, and behavior across identities, network, data, and compute resources. Utilizing advanced analytics, Ermetic assesses, prioritizes, and automatically remediates risks, enabling organizations to reduce their attack surface and enforce least privilege at scale in complex cloud environments. Ermetic operates within the Cyber Security sector, specifically focusing on Cloud Security, and serves enterprises across North America, Asia, and Europe.

Strategic signal

In September 2023, Ermetic was acquired by Tenable, marking a significant exit for the company and its investors. This acquisition signals a consolidation within the cloud security market, with larger players integrating specialized identity-first security capabilities to enhance their offerings. For investors, this demonstrates a successful realization of value and validates the strategic importance of identity and access management in cloud infrastructure security.

Company Intelligence Q&A

When was Ermetic acquired?

Ermetic was acquired by Tenable in September 2023.

Which investors participated in Ermetic's December 2021 funding round?

In December 2021, Ermetic received funding from investors including lead investor Qumra Capital and Accel.

What was a key operational change at Ermetic in January 2023?

In January 2023, Ermetic implemented a workforce optimization, laying off 17% of its team.

What was a notable product development for Ermetic in November 2021?

In November 2021, Ermetic enabled customers to enforce least privilege for Microsoft Azure, expanding its multi-cloud protection capabilities.