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 before being acquired by Tenable in September 2023.

Business overview

Ermetic is an identity-first cloud infrastructure security platform that delivers 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. 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 operates within the Cyber Security sector, serving enterprises across North America, Asia, and Europe.

Strategic signal

This acquisition signifies a strategic consolidation within the cloud security market, with Tenable integrating Ermetic's identity-first cloud infrastructure security capabilities to enhance its own offerings. For investors, this highlights the continued demand for specialized cloud security solutions and the potential for strategic exits in this rapidly evolving sector.

Company Intelligence Q&A

What was the most significant corporate event for Ermetic?

Ermetic was acquired by Tenable in September 2023. This acquisition led to the company's inactive status.

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.

When did Ermetic announce a workforce optimization?

In January 2023, Ermetic announced a layoff affecting 17% of its team.

When did Ermetic raise its Series A funding?

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