Otterize

growth-positive

Cyera, an Israeli cybersecurity company, has acquired Otterize, another Israeli firm specializing in securing non-human identities in cloud environments, for tens of millions of dollars. This acquisition is part of Cyeras strategy to enhance its cloud data protection platform and marks its third acquisition in Israel. The acquisition follows Cyeras recent $540 million Series E funding round, which increased its valuation to $6 billion. Otterizes technology will integrate into Cyeras platform, strengthening its capabilities in data security. The acquisition also highlights the resilience of Israeli tech companies amid geopolitical tensions. Otterize was founded in 2022 and had previously raised $11.5 million in a Seed round from investors including Index Ventures, Dig Ventures, and Vine Ventures.

growth-positive

Otterize, an open-source solution, has raised $11.5 million in Seed funding and launched its Otterize Cloud product. The funding round was led by Index Ventures, Dig Ventures, and Vine Ventures, with participation from other investors. Otterize aims to provide a new approach to service-to-service access, focusing on effortless and secure connections without introducing new authorization components. The companys product, which utilizes intent-based access control (IBAC), allows developers to declare the intended calls and automatically configures access controls accordingly. Otterize was founded in 2022 and offers an open-source solution for automating the secure connection of services.