Abbey Labs secures $5.25m in a venture led by Point72 Ventures

Abbey Labs, an innovator in identity and access management (IAM), is making strides in the technological landscape. Building an access governance platform specifically designed for engineers, the company aims to ensure a more secure world through automation.

Abbey Labs has raised a seed round of $5.25m to enhance the security and automation of access to critical data infrastructure. Point72 Ventures led this investment, with additional participation from Haystack, Essence Ventures, and angel investors across various sectors.

Abbey Labs is focusing on addressing a gap in enterprise needs by streamlining and optimising the process of access to internal data infrastructure. The traditional approach has often been complex and inefficient, leading to bottlenecks and security concerns. By integrating common access workflows into existing tools, Abbey Labs aims to give engineers the ability to build infrastructure securely from the beginning.

The newly secured funding will be utilised to accelerate Abbey Labs’ go-to-market opportunities, support hiring efforts, and boost developer awareness. These initiatives align with the company’s visionary approach of redefining access governance through engineering-centric solutions.

August 2023 is set to be a momentous month for Abbey Labs as the team gears up to announce its public beta release, coinciding with their attendance at three major conferences: Black Hat, DEF CON, and BSidesLV 2023. Interested engineers can try the beta version for free via the company’s website.

Point72 Ventures partner Noah Carr said, “Our work in security continually points to a need for more engineering-centric approaches, and we believe that the Abbey Labs team brings deep domain expertise to the table to execute on this in the Access Governance space.”

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