Apono Raises $15.5M in Series A Funding to Expand Privileged Access Platform for the Cloud
Apono is dedicated to enhancing cloud security for businesses, providing a platform that enables organizations to manage privileged access with precision and security.
Company Name: Apono
Location: New York City, NY
Sector: Cloud Security, Privileged Access Management
Funding Details: Raised $15.5M in Series A funding, bringing the total amount to $20.5M. The round was led by New Era Capital Partners, with participation from Mindset Ventures, Redseed Ventures, Silvertech Ventures, and initial seed investors.
Purpose of Investment: The company intends to use the funds to accelerate product development and drive further growth in its cloud privileged access platform.
Product and Innovation: Founded in 2022 by Rom Carmel (CEO) and Ofir Stein (CTO), Apono specializes in cloud privileged access management, combining expertise in cybersecurity and DevOps. The platform offers just-in-time and just-enough privilege access, empowering organizations to securely operate in the cloud by bridging the operational-security gap in access management. It provides deep insights into privileged access, enforces security guardrails, and uses AI-driven least privilege and anomaly detection capabilities to enhance security measures while ensuring a frictionless user experience.
Recent Developments: Apono’s platform is already being utilized by dozens of customers across the US, including Fortune 500 companies.
About the Company: Apono is dedicated to enhancing cloud security for businesses, providing a platform that enables organizations to manage privileged access with precision and security. The company’s solutions help enforce least privilege access while reducing operational friction, making cloud environments more secure and manageable.