Ermetic: $17m in Series A funding led by Accel
Ermetic, the cloud access risk security company, closed a $17m Series A round of financing led by Accel, and supported by Glilot Capital Partners, Norwest Venture Partners and Target Global, and the company’s seed round investors. The round increases total financing to more than $27m.
The company will use the funds to scale research & development, go-to-market, sales, marketing and customer support initiatives for its Cloud Infrastructure Entitlements Management platform. Ermetic also announced that Andrei Brasoveanu, Partner at Accel, has joined the company’s board of directors.