Stack Identity, an automation identity and access management (IAM) governance company, has raised a $4 million seed funding round co-led by US-based WestWave Capital and Benhamou Global Ventures.
The proceeds will be utilised to scale product development, strengthen go-to-market strategies and expand customer reach, including SMBs, mid-market and enterprises, Stack Identity said in a press release.
Silicon Valley-based Stack Identity, which has an R&D center in India, transforms cloud IAM operations to continuously detect, eliminate, and govern unauthorised, unmonitored, and invisible shadow access. Through its patent-pending algorithm Breach Prediction Index (BPI), applied with deep data and application context, Stack Identity reveals the 2% of toxic access combinations that impacts 90% of data assets and enables cloud security teams to quickly prioritise and automate remediation.
The Ambrish Deshpande-led company has customers from industry-leading companies in North America and India.
Stack Identity says that its AWS cloud ecosystem is a mix of automated DevOps and manually managed infrastructure and provides continuous visibility into our data exposure risks with the ability to automate least privileged enforcement for both our security and engineering operations teams.