December 15, 2021 06:00 AM Eastern Standard Time
PALO ALTO, Calif.–(BUSINESS WIRE)–Appaegis Inc., a leading Data Centric Zero Trust access security company, announced that it raised $7.7M in seed funding. This round was led by Taiwania Capital, whose mission is to invest in enterprise software, AI, information security, and cloud infrastructure companies. Joining Taiwania Capital are TSVC, Alumni Ventures, First In™, LDV Partners, and Silicon Valley Future Capital.
The funding will accelerate customer acquisition, increase the pace of innovation and grow the team. It will further the mission to deliver data-centric zero trust by federating identity and authorization. Organizations have evolved from a centralized, hardware and network centric world to a distributed, application and cloud centric world. As a result, network centric solutions and authorization approaches are no longer adequate.
The growth in applications, each with siloed approaches to identity and authorization has led to permission sprawl. The increase in number of applications has led to data being distributed and living in sometimes insecure silos. Migration to the cloud and a workforce that includes remote employees, contractors and third parties has added complexity. These dynamics have created security gaps that require unifying identity and authorization to effectively protect data. …
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