Cybersecurity startup Entro Security Ltd. today announced that it has raised $18 million in new funding in a round led by Dell Technologies Capital to scale  upits global operations to meet strong demand for its platform across key industries.

Founded in 2022, Entro specializes in the security of non-human identities and secrets, with a platform that allows organizations to use non-human identities and secrets securely, oversee their usage and automate their lifecycle from inception to rotation.

Secrets security protects access keys and credentials from unauthorized access, disclosure, or use. Secrets are often programmatic access keys, such as application programming interface keys, access tokens and connection strings, used by applications to access sensitive data and cloud services.

Entro argues that the rapid pace of cloud and software-as-a-service adoption has led to the proliferation of unmanaged non-human identities and secrets, such as application programming interface keys, service accounts, tokens and certificates. The rise of NHIs has created widespread vulnerabilities that attackers can leverage for high-profile attacks, creating an urgent need for NHI lifecycle and secrets management.

The company says its platform continuously monitors and protects secrets, programmatic cloud services and data access. It detects, safeguards and provides context for secrets stored across vaults, source code, collaboration tools, cloud environments and software-as-a-service platforms.

The platform provides a comprehensive view of all NHIs by centralizing and contextualizing security data across cloud services, SaaS applications and on-premises systems. The coverage allows for complete visibility into creation, storage and exposure locations across various environments, the company claims.

By enriching the data with business context, Entro’s platform also helps users understand ownership, permissions, usage, enablement and rotation time with tools to identify and prioritize security risks, remediate vulnerabilities and prevent unauthorized access to critical systems and data.

Since launching last year, Entro has seen strong growth and counts among its customers Booking Holdings Inc., SolarWinds Corp., Elastic N.V., KAYAK Software Corp. and Regatta Travel Group Ltd.

“The Entro Security team intimately understands the complex challenges of securing enterprise-scale systems,” said Deepak Jeevankumar, managing director at Dell Technologies Capital. “Their approach is resonating with both analysts and customers with significant recognition from both.”

Including the new round, Entro Security has raised $24 million to date, including a round of $6 million in May 2023. Previous investors include StageOne Ventures L.P. and Hyperwise Ventures Ltd.

Photo: Entro Security