Company
Date Published
Author
Shashwat Sehgal
Word count
540
Language
English
Hacker News points
None

Summary

P0 Security has secured $15 million in Series A funding, bringing its total funding to $20 million, to enhance its platform that governs and secures cloud access for both human and machine identities. This funding round was led by SYN Ventures, with participation from Zscaler and existing investor Lightspeed Venture Partners, and comes shortly after the company was recognized as an RSAC Innovation Sandbox Top Ten Finalist. P0 Security aims to address the complexities of cloud access, which involves various access paths and identities beyond the capabilities of traditional Identity Governance and Administration (IGA) and Privileged Access Management (PAM) platforms. Unlike legacy systems, P0 Security offers an agentless architecture that provides comprehensive visibility and control over cloud access in minutes. The company plans to utilize the new funds to expand its go-to-market and engineering teams, further developing its unified platform to manage access lifecycles without hindering developer workflows. Additionally, Ryan Permeh from SYN Ventures has joined the Board of Directors to offer strategic guidance as the company enters this new growth phase.