Cali-based VC Firm Accel Empowers Israeli Cloud-Security Startup’s Run for Market Lead
Accel, a fund that previously invested in Facebook, Slack, Spotify, and Dropbox, has turned attention to the Ermetic cloud security solution, realizing the potential and need for the product. The $17.25 million Series A financing round was led by Accel, and supported by previous investors Glilot Capital Partners, Norwest Venture Partners and Target Global. “There’s […]
By Ermetic Team
Accel, a fund that previously invested in Facebook, Slack, Spotify, and Dropbox, has turned attention to the Ermetic cloud security solution, realizing the potential and need for the product.
The $17.25 million Series A financing round was led by Accel, and supported by previous investors Glilot Capital Partners, Norwest Venture Partners and Target Global.
“There’s an incredible market opportunity for our product right now, that’s why we fundraised. In order to accelerate into market leaders. Like us, so do the VC funds understand the opportunity here, resulting in many of them running to invest,” said Ermetic CEO Shai Morag.
The funds will be used for R&D as well as expanding sales, marketing and customer support initiatives for its Cloud Infrastructure Entitlements Management platform.
