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 $97.25 million across 4 funding rounds from 7 investors. In September 2023, Ermetic was acquired by Tenable, closing its operations.

Business overview

Ermetic developed an identity-first cloud infrastructure security platform designed to provide holistic, multi-cloud protection through an easy-to-deploy SaaS solution. The company's core technology continuously analyzed permissions, configurations, and behavior across identities, network, data, and compute resources. By leveraging advanced analytics, Ermetic assessed, prioritized, and automatically remediated risks, enabling organizations to reduce their attack surface and enforce least privilege at scale in complex cloud environments. Ermetic served the Cyber Security sector, with a focus on cloud security, identity verification, and data protection for enterprises.

Strategic signal

In September 2023, Ermetic was acquired by Tenable for $265 million, signaling a strategic consolidation within the cloud security market. This acquisition by a major cybersecurity player like Tenable highlights the increasing value placed on identity-first cloud infrastructure security solutions and the market's demand for comprehensive platforms that address complex cloud environments.

Company Intelligence Q&A

What was the most significant corporate event for Ermetic?

In September 2023, Ermetic was acquired by Tenable for $265 million. 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 Qumra Capital and Accel.

When did Ermetic announce its analytics-based solution for AWS, Google Cloud, and Microsoft Azure?

In May 2020, Ermetic launched an analytics-based solution designed to protect AWS, Google Cloud, and Microsoft Azure from data breaches.

What was a key operational change for Ermetic in early 2023?

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