- Non-employee identity risk and lifecycle management platform company SecZetta announced that it raised $10 million in Series A funding led by ClearSky with participation from Rally Ventures
SecZetta — the provider of one of the most comprehensive non-employee identity risk and lifecycle management platforms — announced that it raised $10 million in Series A funding led by ClearSky with participation from Rally Ventures. And the company also announced that Art Coviello, Jr — the former Executive Chairman of RSA — is joining the board.
This round of funding will enable SecZetta to meet the growing demand for enterprise organizations to better understand, manage, and reduce the risks associated with non-employee populations from third party-party organizations (contractors, affiliates, agents etc.).
“Not all non-employees are created equal,” said SecZetta CEO David Pignolet. “Yet, organizations provide these identities with similar access to employees, and quite often with little or no risk analysis or due diligence. A purpose-built system that enables organizations to better manage the full lifecycle process for non-employees is critical for streamlining the use of these resources for the desired line of business, while successfully avoiding the risks associated with misclassification and unchecked access.”
“When it comes to third parties, unauthorized access means hyper risk, and there is no solution in the market that addresses this problem. There’s not a single company today that doesn’t have this issue. Every company needs SecZetta,” added Coviello.
SecZetta solves a challenge where many organizations assess vendors at the organizational level but do little to manage relationships with the individuals they grant access to. Enterprises need to build actionable systematic relationships through collaboration with partner organizations and the non-employees to provide the appropriate context and risk data required to effectively manage these groups of people.
The additional new board members include Jay Leek, a Managing Partner at ClearSky and Zackary King, the founder and former CEO of SHYFT Analytics.
“The non-employee challenge is often an overlooked and underestimated risk at many organizations, what SecZetta is doing represents a shift in the market for the need to better manage third party identity risk,” explained Jay Leek, a Managing Director at ClearSky Security.
