Ermetic

identity-first Cloud Infrastructure Security Platform

Cyber Security
Acquired (Inactive) by Tenable on Sep 2023 - closed due to acquisition

Company Overview

Snapshot

Founded in February 2019 by Shai Morag, Sivan Krigsman, Arick Goomanovsky, and Michael Dolinsky, Ermetic operates with 51–200 employees. The company raised a total of $97.25 million across 4 funding rounds from 7 investors. In September 2023, Ermetic was acquired by Tenable, marking a significant exit for the cloud security platform.

Business overview

Ermetic provides an identity-first cloud infrastructure security platform designed for holistic, multi-cloud protection through an easy-to-deploy SaaS solution. The company's core technology continuously analyzes permissions, configurations, and behavior across identities, networks, data, and compute resources to prevent breaches. Ermetic serves various industries by leveraging advanced analytics to assess, prioritize, and automatically remediate risks, thereby reducing the attack surface and enforcing least privilege at scale in complex cloud environments. It operates within the Cyber Security sector, specifically focusing on Cloud Security.

Strategic signal

This acquisition signals a strategic consolidation within the cybersecurity market, with a major player like Tenable integrating Ermetic's identity-first cloud infrastructure security capabilities. For investors, this highlights the increasing value placed on comprehensive cloud security solutions and the potential for successful exits in this rapidly evolving sector.

Company Intelligence Q&A

What was the most significant corporate event for Ermetic?
In September 2023, Ermetic was acquired by Tenable. This acquisition marked a major milestone for the company, transitioning its status to acquired and inactive.
When did Ermetic last raise a funding round?
Ermetic received an investment from Splunk Ventures in March 2022.
Which investors participated in Ermetic's Series B funding round?
In December 2021, Ermetic closed its Series B funding round with participation from Qumra Capital and Accel.
When did Ermetic launch its analytics-based solution for cloud protection?
In May 2020, Ermetic launched an analytics-based solution designed to protect AWS, Google Cloud, and Microsoft Azure from data breaches.
Did Ermetic experience any workforce changes?
In January 2023, Ermetic laid off 17% of its team, as reported by CTech.

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