Britive announced that it has raised $5.4M in late seed funding led by Upfront Ventures.
Kara Nortman, Partner at Upfront Ventures, joins the Britive board in conjunction with the investment. Co-investors in the round include venture firms OneWay and SmartGate, Andrew Peterson, CEO of Signal Sciences and Dave Cole, CEO of Open Raven.
Seasoned security entrepreneurs each with 20+ years of industry experience, CEO Artyom Poghosyan and CTO Alex Gudanis founded Britive in 2018 to challenge inertia within the security solutions industry, which was slow to react to the new multi-cloud environments of modern enterprises.
Existing solutions for protecting enterprise data struggle to meet the pace and complexity challenges of today’s multi-cloud environments. Managing privileged access in cloud infrastructures using traditional tools is mostly manual, carrying a high operational overhead. Users tend to accumulate standing permissions as a result, which increases security risk.
Additionally, privileges are often granted in perpetuity without ever being audited, making them preferred targets for attack.
Britive’s patent-pending technology delivers infinitely greater control over access privileges, allowing users to dynamically elevate their own privilege levels (on a pre-authorization basis) to perform key administrative tasks for the minimum time requirement.
Britive’s intelligent engine learns user behavior and recommends privilege right-sizing for users and machine IDs, while constantly monitoring for anomalies that indicate privilege misuse. Unlike the traditional “always on” permissions, Britive’s dynamic permissioning is designed to minimize the available attack surface.
“After 20 years in the industry, I can say that legacy security solutions are simply not agile or scalable enough for today’s multi-cloud environments. It’s not about improving what exists, it’s about creating an entirely new platform of operations that’s cl ..
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