BalkanID scores $5.75m seed financing

BalkanID, a company focused on the identity, governance and administration (IGA) space, has landed $5.75m in a seed funding round.

BalkanID is financially backed by firms such as Uncommon Capital, Sure Ventures and Afore Capital amongst others.

The company emerged from stealth this week and launched a subscription-based product that harnesses data science and machine learning to provide defenders with visibility into risky entitlements and a simplified way to manage access review and certification processes.

BalkanID claimed that by helping organisations find and fix problematic entitlements across their SaaS and cloud landscape, the company enables IT and security teams to integrate the principle of least privilege into security and IT operations.

The company aims to ‘disrupt’ the IDA market and is looking to help companies find and remediate risky privileges across SaaS and public cloud infrastructure.

BalkanID claims it plans to target the mid-market with a tool that leverages AI and workflow automation to provide visibility into risky entitlements and simplify the access review and certification process.

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