Cybersecurity platform Aceiss has closed its seed round on $3.25m, as it reveals its flagship solution.
The round was backed by Canaan, Insight Partners, Connecticut Innovations and others.
Aceiss offers a cybersecurity platform that solves the problem of access observability and mitigates the risk of unauthorised user access. Built on zero-trust fundamentals, Aceiss claims to offer unprecedented visibility and insights into user access.
The company claims that layered defences, compensating controls and risk-based policy assessments lessen the risk of compromise. However, they do not solve issues around observability and scaling.
Aceiss is a non-invasive solution that can immediately discover hidden access, contextualise activity and surface least privilege insights across all data sources. This includes on-premises systems, cloud platforms, and devices, without requiring duplication or additional infrastructure.
Its technology is used by companies within financial services and healthcare industries.
Aceiss founder and CEO Lloyd O’Connor said, “Today, the implementation of robust access protections is grossly inefficient due to the time and manual effort required to surface underlying data and integrate legacy and modern technologies. Aceiss has built the first platform that provides a complete understanding of user access, and the underlying data.”
As part of the round, Canaan general partner John J. Pacifico has joined the board of directors of the cybersecurity company.
Pacifico said, “Aceiss represents one of the most exciting cyber technology companies to emerge in recent years. It’s uniquely staffed by industry experts who have lived the decades-old problem of controlling user access to critical technology systems at some of our nation’s leading corporations.
“The technology that the Aceiss team has developed instantly reveals hidden access and dramatically reduces the time and costs of safeguarding a company’s technology systems.”
Earlier in the week, API protection platform ThreatX closed its Series B round on $30m. The cybersecurity company differentiates itself from other API security solutions by supplying organisations with the ability to discover and visualise their attack surface, block attacks in real-time and gain access to 24/7 managed services to support resource-constrained security teams.
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