Apono has announced a significant boost in its growth trajectory with a successful Series A funding round that garnered $15.5m.
The round was spearheaded by New Era Capital Partners and saw participation from Mindset Ventures, Redseed Ventures, Silvertech Ventures, along with initial seed investors and more.
The company, which specializes in AI-driven solutions for secure and efficient management of cloud access, has now raised a total of $20.5m, reflecting strong investor confidence. Apono’s platform offers next-generation solutions tailored for the dynamic needs of enterprises, enhancing both security and operational efficiency in cloud environments.
The influx of funds is earmarked for advancing product development and accelerating Apono’s growth. Specifically, the company aims to enhance its AI capabilities and expand its footprint in identity security, ensuring robust protection for organizations’ cloud operations. Apono plans to use the investment to scale up its US sales and marketing teams and boost its research and development efforts.
Following a 300% revenue increase in recent quarters, Apono is also enhancing its customer support infrastructure. This includes tripling its sales engineering and customer success teams in the US and establishing enterprise support teams to meet the needs of new and existing customers. These enhancements are part of Apono’s commitment to providing seamless service and support, ensuring effective adoption and integration of its solutions across client enterprises.
Apono Co-Founder and CEO Rom Carmel emphasized the shifting paradigms in cloud security, stating, “Privileged access management and identity governance are converging, driving the need for more holistic identity and access security solutions, particularly within today’s dynamic cloud environments in which modern businesses operate. As we continue our rapid growth, this funding will enable us to maintain our momentum and continue delivering cutting-edge solutions to our clients. Our investors were drawn to Apono’s unique AI-driven product offering, innovative approach, and its swift adoption by enterprises, recognizing the company’s potential to lead the identity security market.”
New Era Capital Partners’ Partner, Ziv Conen, also expressed strong support for Apono’s mission and future, “Apono’s innovative solution addresses critical challenges in the cloud access management space, providing organizations with robust, scalable solutions. This investment reflects our confidence in Apono’s vision and their ability to lead the market with cutting-edge technology and exceptional customer focus. We look forward to supporting Apono’s continued growth and success as they redefine how businesses manage and secure access in today’s dynamic environments.”
Additionally, Arthur Goren, Director of Cloud Engineering at Hewlett Packard Enterprise, praised Apono’s platform: “We were able to self-service Apono in minutes, which significantly enhanced customer trust in our global multi-cloud platform. This seamless integration allows our teams to work without friction, ensuring efficiency and productivity. Moreover, it helps us maintain a least-privilege cloud environment, which is crucial for our security and compliance standards.”
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