Ermetic

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 $97.25M across 4 funding rounds from 7 investors. In September 2023, Ermetic was acquired by Tenable.

Business overview

Ermetic provides an identity-first cloud infrastructure security platform, offering holistic, multi-cloud protection through an easy-to-deploy SaaS solution. The company's core technology continuously analyzes permissions, configurations, and behavior across identities, network, data, and compute resources. By using 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 serves various industries, including financial services, healthcare, and enterprises, operating within the Cyber Security sector, specifically focusing on Cloud Security.

Strategic signal

In September 2023, Tenable confirmed its acquisition of Ermetic, signaling a significant consolidation within the cloud security market. This acquisition by a major cybersecurity player like Tenable validates Ermetic's identity-first approach to cloud infrastructure security and suggests a strategic move by Tenable to enhance its offerings with advanced cloud protection capabilities. For investors, this indicates a strong exit for Ermetic and highlights the increasing value placed on comprehensive cloud security solutions in the current market landscape.

Company Intelligence Q&A

What was the most significant corporate event for Ermetic in 2023?

In September 2023, Ermetic was acquired by Tenable, a major cybersecurity company. This acquisition marked a significant exit for Ermetic.

Which investors participated in Ermetic's Series B funding round?

In December 2021, Ermetic closed its Series B funding round with participation from investors including Qumra Capital and Accel.

Did Ermetic receive any strategic investments in 2022?

In March 2022, Ermetic received an investment from Splunk Ventures.

What was a notable operational change at Ermetic in early 2023?

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

When did Ermetic raise its Series A funding round?

In July 2020, Ermetic raised its Series A funding round with participation from investors such as Accel and Norwest Venture Partners.