Apono is proud to announce the successful completion of its Series A funding round, raising $15.5 million to further its mission of delivering AI-driven cloud access governance.

This funding round, led by New Era Capital Partners with participation from Mindset Ventures, Redseed Ventures, Silvertech Ventures, and existing investors, brings Apono’s total investment to $20.5 million. The influx of capital will be used to accelerate product development, drive innovation, and expand Apono’s reach in the U.S. market. But this investment represents more than just financial backing—it’s a strong endorsement of Apono’s vision to reshape how modern enterprises approach cloud identity and access management. 

Why Is This Investment Important?

Apono is built on the premise that traditional privileged access management (PAM) solutions no longer suffice in the dynamic cloud environments that businesses operate in today. The cloud, with its distributed, multi-faceted nature, has outgrown many legacy systems, necessitating a new approach to access management. Apono’s solution focuses on AI-driven least privilege and anomaly detection, providing organizations with the tools they need to ensure secure, just-in-time, and just-enough access to their critical resources.

Apono’s Co-Founder and CEO Rom Carmel highlights the shift taking place in the market:

“Privileged access management and identity governance are converging, driving the need for more holistic identity and access security solutions, particularly within today’s dynamic cloud environments in which modern businesses operate.”

This vision has resonated with investors, as New Era Capital Partners’ Ziv Conen underscores:

“Apono’s innovative solution addresses critical challenges in the cloud access management space. This investment reflects our confidence in Apono’s vision and their ability to lead the market with cutting-edge technology and exceptional customer focus.”

Driving Innovation in Cloud Access Governance

With its fresh funding, Apono is set to expand its U.S. sales, marketing, and engineering teams while investing heavily in research and development. This is crucial as the company builds on its 300% revenue growth over the last three quarters and the swift adoption of its solution by global enterprises.

Apono’s platform is designed to empower security, operations, and engineering teams alike. By leveraging AI to automate the management of privileged access, Apono simplifies processes that are traditionally cumbersome, reducing friction and boosting productivity. According to Arthur Goren, Director of Cloud Engineering at Hewlett Packard Enterprise:

“We were able to self-service Apono in minutes, which significantly enhanced customer trust in our global multi-cloud platform. This seamless integration allows our teams to work without friction, ensuring efficiency and productivity.”

The platform’s focus on least privilege access—a key cybersecurity principle—ensures that users are only granted the minimum necessary permissions required for their tasks, which reduces the risk of internal threats or external attacks. Additionally, AI-based anomaly detection adds another layer of security, alerting organizations to unusual access behaviors before they escalate into potential breaches.

Meeting the Growing Demands of Modern Enterprises

Apono’s solution is built for scale. With enterprises embracing cloud-first strategies, the complexity of securing access across multi-cloud environments has become a significant challenge. Apono is addressing these challenges head-on with its Just-In-Time and Just-Enough access management capabilities, bridging the operational-security gap that many organizations face today.

Furthermore, Apono is expanding its enterprise support teams to ensure that as its customer base grows, it can continue providing world-class service. New product offerings are also in the pipeline, fueled by AI innovation, that will further enhance the platform’s capabilities to meet the evolving needs of the modern cloud environment.

The Future of Identity and Access Security

Apono’s continued success signals a broader trend within the identity security industry. As cloud adoption grows, so does the need for agile, innovative access governance solutions. Katie Norton, Research Manager for DevSecOps and Software Supply Chain Security at IDC, emphasizes the importance of these developments:

“Cloud identity and privilege management are central to aligning security and engineering goals. Apono’s approach to cloud privileged access management aligns with these goals and helps bridge the gap between security and engineering teams.”

Apono’s leadership team, with over 20 years of combined expertise in cybersecurity and DevOps infrastructure, is well-equipped to guide the company through this exciting phase of growth. Co-founders Rom Carmel and Ofir Stein have built Apono from the ground up with a clear understanding of the challenges enterprises face in cloud access management, and this new funding will empower them to continue delivering innovative solutions that provide unparalleled security and operational efficiency.

What’s Next for Apono?

As Apono continues to grow, customers can expect a deeper focus on AI-based product offerings that will enhance security without sacrificing the user experience. The company’s unique value proposition—combining automation, AI-driven least privilege, and frictionless workflows—is setting new standards in the industry.

With strategic developments, including an expanded U.S. presence and enhanced support teams, Apono is poised to cement its leadership position in the identity and access security space, offering a solution that scales alongside the needs of today’s enterprises.

About Apono

Founded in 2022 by Rom Carmel (CEO) and Ofir Stein (CTO), Apono’s Cloud Privileged Access Platform enables organizations to seamlessly operate in the cloud by offering Just-In-Time and Just-Enough access management. Recognized in Gartner’s Magic Quadrant for Privileged Access Management, Apono serves Fortune 500 companies and modern enterprises across the U.S., delivering cutting-edge solutions that bridge the gap between security and operations.

*** This is a Security Bloggers Network syndicated blog from Apono authored by Rom Carmel. Read the original post at: https://www.apono.io/blog/apono-secures-15-5m-series-a-funding-to-revolutionize-cloud-access-security-with-ai-driven-solutions/