Apono raised $34 million in Series B funding led by U.S. Venture Partners to advance its innovative cloud identity-security platform that leverages Zero Standing Privilege access management.

Target Company Overview

Apono is an innovative cloud identity-security firm that specializes in Zero Standing Privilege (ZSP) access management. Recently, the company secured $34 million in Series B funding, led by U.S. Venture Partners (USVP), with contributions from Swisscom Ventures, Vertex Ventures, 33N Ventures, and other existing investors. This round brings Apono's total funding to over $54 million. In the past year, Apono has demonstrated significant growth, achieving a fourfold increase in its customer base and establishing a robust product-market fit.

The Apono platform is designed to tackle the increasing complexity of cloud permissions by removing standing privileges. Utilizing dynamic access models like Just-in-Time (JIT) and Just-Enough-Access (JEA), Apono's system dynamically grants and revokes access based on real-time context and business logic, balancing speed with stringent security measures. Apono's innovative approach ensures that companies can adapt their access management strategies to the evolving landscape of hybrid and multi-cloud environments.

Industry Overview in the United States

As digital transformation accelerates across various sectors, the identity management industry in the United States is witnessing profound changes. The rise of cloud computing, coupled with the increasing use of AI and machine learning technologies, n