Apono has secured $34m in a Series B round led by USVP, with additional participation from Swisscom Ventures, Vertex Ventures, 33N Ventures, and existing investors.
The latest round brings the firm’s total funding to more than $54m and follows a year in which the company achieved a fourfold rise in client adoption.
The company said the new funding was driven by surging enterprise demand for dynamic, real-time permissioning as organisations face an explosion of cloud permissions. With human and AI identities increasingly coexisting in the workplace, enterprises require more automated and context-aware access solutions than traditional identity and access management models can deliver.
Apono provides a cloud-native platform designed to eliminate standing privileges, long viewed as a persistent vulnerability in identity and access management. Built around Just-in-Time (JIT) and Just-Enough-Access (JEA) principles, the platform automatically grants and revokes access based on real-time signals and business logic, helping teams work rapidly without weakening security.
The company’s technology also addresses the emerging challenges of agentic systems, where human users, machine identities, and AI agents operate in parallel. Its dynamic permissioning engine validates every access request in real time, enabling enterprises to maintain security while supporting developer velocity, compliance needs, and multi-cloud operations.
Apono’s customers include Intel, Hewlett Packard Enterprise, and Monday.com, which use the platform to manage access across hybrid and multi-cloud environments and to streamline incident response. The company will also benefit from strengthened governance as Jacques Benkoski, general partner at USVP, joins its board. With a background scaling enterprise cybersecurity firms such as Trusteer, Medigate, and Kenna Security, he will work alongside co-founders Rom Carmel and Ofir Stein to support the company’s growth trajectory.
The new capital will be allocated to accelerating development of AI-driven access intelligence and automated policy management, expanding go-to-market activities across the U.S. and new international territories, and scaling Apono’s engineering and sales teams to meet rising enterprise interest.
Apono co-founder and CEO Rom Carmel said, “The large-scale adoption of AI agents exponentially scales the problem of getting access right. Achieving ZSP with a dynamic access management approach is the only sustainable way to secure Agentic operations at scale.”
USVP general partner Jacques Benkoski said, “Apono is leading the next evolution of identity security – one that brings zero trust to identity access, following the zero trust of network access we’ve seen in recent years. The company’s dynamic, context-aware approach is exactly what enterprises need to secure both human and machine identities in the AI-driven era.”
TMT ID, a company that helps global organisations verify users and prevent fraud, recently secured a £30m investment from BGF.
The funding marks a major step for the firm as it looks to scale its technology and strengthen its role in tackling cybercrime and digital identity risks.
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