P0 Security, the provider of the first unified IGA and PAM platform for the cloud designed to secure all enterprise cloud identities, announced the closing of its $15 million Series A round, bringing the total raised since founded to $20 million. This funding was led by SYN Ventures with participation from Zscaler and existing investor Lightspeed Venture Partners. The company also announced the appointment of SYN Ventures Operating Partner, Ryan Permeh, to the Board of Directors.
The legacy approaches for accessing governance and identity security relied on network boundaries. And with the current cloud-native environment, the explosion of cloud resources, data locations and identities—both human and non-human—are exponentially expanding access paths to sensitive data and critical infrastructure, rendering traditional methods ineffective.
P0 Security is the first to provide a solution in governing and securing cloud access for all identities (human or machine) in a unified platform. And through its agentless architecture, the P0 Security platform deploys in minutes, providing security teams complete visibility and control into who or what is accessing cloud resources. Organizations use the platform to manage the access lifecycle for developers and non-human identities using developer-friendly workflows.
The company plans to use the new funding to scale its go-to-market and engineering teams.
KEY QUOTES:
“We’ve seen tremendous traction since P0 Security emerged from stealth just ten months ago. This funding is a testament to our investors’ confidence in our vision, product and the market opportunity ahead of us. Traditional access governance and identity security tools were designed to govern human access to enterprise applications, but the cloud brings new complexities. It’s not just people accessing the cloud—non-human identities are involved too, in diverse ways. Existing tools can’t govern the breadth of ways in which different entities can access the cloud. Our platform answers the critical question: ‘Who or what can access our cloud?’—and puts control back in the hands of organizations.”
–Shashwat Sehgal, CEO and co-founder of P0 Security
“P0 Security is a natural fit for the SYN portfolio. With an incredible track record of success from leaders like Splunk, Cisco and Semgrep, the P0 team is the first to tackle a critical business need with a 100% cloud-focused, unified platform for governing access for both human and non-human identities. This isn’t just a tired IGA and PAM refresh wedged in the cloud, it’s a first-order solution to real problems.”
-Ryan Permeh, Operating Partner at SYN Ventures
