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 $97.25M across 4 funding rounds from 7 investors. Ermetic was acquired by Tenable in September 2023, marking a significant exit for the identity-first cloud infrastructure security platform.

Business overview

Ermetic provides an identity-first cloud infrastructure security platform designed for holistic, multi-cloud protection. Its SaaS solution helps prevent breaches by continuously analyzing permissions, configurations, and behavior across identities, networks, data, and compute resources. The platform uses advanced analytics to assess, prioritize, and automatically remediate 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, focusing on cloud security for enterprises across North America, Asia, and Europe.

Strategic signal

Ermetic's acquisition by Tenable in September 2023 for an estimated $265 million to $350 million signals a strong market validation for identity-first cloud security solutions. This strategic move indicates a consolidation trend in the cybersecurity industry, where established players are integrating advanced cloud security capabilities to enhance their offerings. For investors, this highlights the increasing value placed on comprehensive cloud infrastructure protection and the potential for significant returns through M&A in this rapidly evolving sector.

Company Intelligence Q&A

What was the most significant recent corporate development 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 Qumra Capital and Accel.
When did Ermetic announce workforce optimizations?
In January 2023, Ermetic laid off 17% of its team, as reported by CTech.
When did Ermetic enable least privilege enforcement for Microsoft Azure?
In November 2021, Ermetic enabled customers to enforce least privilege for Microsoft Azure.

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