Entro Security, a developer of a non-human identity (NHI) and secrets management platform, announced Tuesday that it has closed an $18 million Series A round led by Dell Technologies Capital and with participation from leading angel investors.
Since emerging from stealth in May 2023, Entro has raised $24 million in seed funding from StageOne Ventures, Hyperwise Ventures, and angel investors including Rakesh Loonkar and Mickey Boodaei.
Entro’s platform helps security teams implement and automate strong governance for secrets and NHI management with real-time detection and response. The company aims to provide a bird’s-eye and detailed view of all NHI, and to centralize and contextualize NHI and secrets security data.
In its first year, Entro is already working with customers including Booking, SolarWinds, Elastic, KAYAK, and Regatta.
“Both IBM and Verizon reports rank NHI and confidential information breaches as the second most common and most costly attack type, which has led to increased interest in our platform among CISOs and security leaders,” said Itzik Alvas, CEO and co-founder of Entro Security. “We look forward to using our Series A funding to continue to lead the industry and scale by serving dozens of customers.”
“The Entro Security team has a deep understanding of the complex challenges of securing enterprise-scale systems. Itzik and Adam have experienced these challenges, which allows them to build a platform that is truly practitioners, for practitioners, to address threats to machine-to-machine interactions,” said Deepak Jeevankumar, managing director at Dell Technologies Capital.
