Britive provider of cloud-native security solutions for the most demanding cloud-forward enterprises today announced that it has raised $5 4 million in late seed funding led by Upfront Ventures
Kara Nortman Partner at Upfront Ventures joins the Britive board in conjunction with the investment Co-investors in the round include venture firms OneWay and SmartGate Andrew Peterson CEO of Signal Sciences and Dave Cole CEO of Open Raven
Seasoned security entrepreneurs each with + years of industry experience CEO Artyom Poghosyan and CTO Alex Gudanis founded Britive in 2018 to challenge inertia within the security solutions industry which was slow to react to the new multi-cloud environments of modern enterprises Existing solutions for protecting enterprise data struggle to meet the pace and complexity challenges of today’s multi-cloud environments Managing privileged access in cloud infrastructures using traditional tools is mostly manual carrying a high operational overhead Users tend to accumulate standing permissions as a result which increases security risk Additionally privileges are often granted in perpetuity without ever being audited making them preferred targets for attack
Britive’s patent-pending technology delivers infinitely greater control over access privileges allowing users to dynamically elevate their own privilege levels on a pre-authorization basis to perform key administrative tasks for the minimum time requirement Britive’s intelligent engine learns user behavior and recommends privilege right-sizing for users and machine IDs while constantly monitoring for anomalies that indicate privilege misuse Unlike the traditional always on permissions Britive’s dynamic permissioning is designed to minimize the available attack surface
After 20 years in the industry I can say that legacy security solutions are simply not agile or scalable enough for today’s multi-cloud environments It’s not about improving what exists it’s about creating an entirely new platform of operations that’s cloud-first ” says Poghosyan Today’s businesses need to operate at digital speed to stay competitive and to achieve that they need their security solutions to be as agile as cloud with a single view and set of controls across various cloud systems and apps ”
Funding comes on the heels of a number of strategic customer wins in North America including a global automaker Fortune 500 retail brand national healthcare provider and multinational communications company Britive plans to apply the funds to further development of its platform technology for monitoring analyzing and dynamic orchestration of access privileges across cloud applications and infrastructure as well as to rev up its go-to-market capability
As crazy as it sounds cloud security and access management specifically is among the most valuable and most exciting wedges into a sector I’ve seen in my career as a VC said Kara Nortman Partner at Upfront Ventures Art and his team have incredible early traction with deep relationships in the space and I’m confident in their ability to build a generationally transforming business We couldn’t be more thrilled to work with them on this journey ”
Multi-cloud deployments are quickly becoming an accepted reality in today’s organizations As organizations scale privileged access management can quickly become a challenge To effectively protect against insider and outsider threats a major shift in our approach is needed said Yassir Abouesselham Chief Information Security Officer of Splunk and member of the Britive advisory board Britive’s cloud-native platform significantly reduces the attack surface by enabling cloud application and infrastructure users to access the resources they need when they need them and only for the duration of the transaction As an information security practitioner and a strong believer in the role of IAM in mitigating cybersecurity risks I am thrilled to contribute to Britive’s vision to disrupt cloud Privileged Access Management ”
About Britive
Britive www britive com is a cloud-native security solution built for the most demanding cloud-forward enterprises The Britive platform empowers teams across cloud infrastructure DevOps and security functions with a dynamic and intelligent privileged access administration solution for multi-cloud environments Using deep API-based integrations our patent-pending technology orchestrates permissioning for the modern enterprise cloud infrastructure and applications
The Britive platform helps organizations implement cloud security best practices like just-in-time JIT access and zero standing privileges ZSP to prevent security breaches and operational disruptions while increasing efficiency and user productivity Customers include medium to large businesses and Fortune 500 enterprises across healthcare automotive retail media amp entertainment and other industries
Britive was founded by security industry veterans with a track record as successful entrepreneurs and innovators
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