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BalkanID Provides $2.3M to Seed Funding Spherical

By Ryan Naraine on August 25, 2022

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BalkanID, a Texas startup constructing know-how within the Identification Governance and Administration (IGA) area, has added $2.three million to its seed financing spherical, bringing the whole raised to $8.1 million.

The extra financing gives an extended runway for BalkanID to work on its cloud entry governance product that guarantees to assist companies discover and remediate dangerous privileges throughout SaaS and public cloud infrastructure.

The brainchild of former Bitfusion engineers Subbu Rama and Jeremy Patton (Bitfusion was acquired by VMWare) and former Complete Meals CISO Sameer Sait, BalkanID markets a subscription-based product that provides defenders visibility into dangerous entitlements and a simplified strategy to handle entry evaluate and certification processes.

The corporate mentioned the add-on seed financing included a number of new buyers, together with K2G Tech Fund, GIT1K Membership, Firsthand Ventures, MGV and NKM Capita.

BalkanID emerged from stealth earlier this yr with bold plans to focus on the mid-market with a software that makes use of machine studying and workflow automation to supply visibility into dangerous entitlements and simplify the entry evaluate and certification course of. 

The corporate’s know-how has been fitted with a danger engine that routinely identifies dangerous customers and people with extreme permissions or poisonous combos, dangerous apps, roles and privileges throughout the group’s SaaS and public cloud property.

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