Akeyless, an Israeli early-stage startup, has secured a staggering USD 65 million in venture capital funding to develop technology that will aid companies in managing credentials, certificates, keys, and other secrets moving through multi-cloud environments.
With the USD 65 million Series B investment, Akeyless has now raised a total of USD 80 million, giving it the runway it needs to execute on its ambitious plans for the secrets management market. NGP Capital, according to Akeyless, was the round’s lead investor. Team8 Capital and Jerusalem Venture Partners (JVP), two early backers, also contributed money.
The Tel Aviv-based company promotes a Secrets Orchestration Platform that aims to combine various related use cases into a single product. The business’s technology offers data security, zero-trust access, and secret management.