Stack Identity, a Silicon Valley startup, is automating identity and access management (IAM) governance to identify and eliminate cloud data threats. The company has recently come out of stealth mode and closed a $4 million seed funding round co-led by WestWave Capital and Benhamou Global Ventures, with additional investors including Plug and Play and notable cybersecurity investors. Stack Identity aims to help their customers protect their cloud data stored by eliminating rogue access and preventing unauthorized data sharing and data exfiltration.
With the increased difficulty of protecting sensitive data in the complex world of cloud-based identity and access management, Stack Identity solves the problem of ‘shadow access’. Shadow access is unauthorized, unmonitored, and invisible access to cloud data in the vast networks of human and machine cloud identities. Stack Identity uses its patent-pending Breach Prediction Index (BPI) algorithm to reduce the risk of cloud vulnerabilities and automate heuristics continuously to detect bad actors.
The newly received investment capital allows Stack Identity to invest in further developing cloud security solutions and scaling product development, strengthening go-to-market strategies and expanding customer reach. This will enable users of all sizes to gain benefit from Stack Identity’s automated breach detection abilities.
The founder and CEO of Stack Identity, Venkat Raghavan, believes that the future of cloud security must be identity-first, access-centric and with a deep context of data, applications and software. He is proud to present a solution that goes beyond traditional IAM solutions, giving organizations the visibility they need on who has access to their data, why, and for how long.
Stack Identity provides an important security service to help protect data and organizations, allowing them to reduce the risk from potential vulnerabilities and bad actors, and to improve their IAM compliance and governance. With these investments and resources, the company is now set to elevate their cloud security services and redefine ways to protect data against malicious access.
