Anetac Emerges From Stealth With $16 Million

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi;<b> <&sol;b>Anetac&comma; a Silicon Valley startup protecting companies from blind spots of service accounts in hybrid environments&comma; announced its emergence from stealth mode&period; The company has raised &dollar;16 million which will bring an intuitive&comma; rapidly deployable SaaS solution&period; The streaming solution offers real-time visibility&comma; enabling users to discover&comma; monitor and respond to the large threat surface exploited via service accounts&period; These threats include but are not limited to large standing privileges&comma; shared use&comma; lack of credential rotation and dormancy of an account&period;<&sol;p>&NewLine;<p>The Anetac Dynamic Identity and Security Platform was forged to tackle a problem plaguing nearly every organization in every industry&colon; unmonitored or poorly monitored service accounts&comma; tokens&comma; API and access keys&period; According to Anetac research data&comma; service accounts outnumber user accounts by 30-45 times&period; Unlike static scanning tools&comma; Anetac’s solution offers real-time streaming and visibility into service account access chains&comma; protocols&comma; security hygiene&comma; privilege escalations and indicators of attack and compromise&comma; enabling security teams to quickly identify and remediate vulnerabilities before malicious actors can exploit them&period;<&sol;p>&NewLine;<p>Anetac started with a group of seven founders with a deep understanding of the cyber security challenges a hybrid enterprise faces and how a dynamic problem requires a dynamic solution&period; Anetac is already establishing a diverse customer base by servicing markets including leading airlines&comma; banks&comma; colleges&comma; mining and other critical businesses and infrastructure while demonstrating the global problem of rising data breaches&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;This is a problem for every organization&comma; in every industry&period; In today’s rapidly evolving threat landscape&comma; we must acknowledge that the soft underbelly of any organization lies in its ability to monitor and secure dynamic and ever-changing environments with real-time security measures&period; It’s imperative to recognize that virtually every breach over the past decade has been exploited via service accounts&comma;” said Tim Eades&comma; CEO and co-founder of Anetac&period; &OpenCurlyDoubleQuote;It’s staggering to discover the extent of poor security hygiene amongst service accounts&period; With our new platform&comma; available today&comma; we will proactively solve the disconnect of static scanning tools with an innovative&comma; streaming approach that dynamically addresses identity problems and improves organizations’ security posture&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The Anetac Dynamic Identity and Security Platform streaming solution is disrupting the market by delivering continuous visibility of non-human service accounts and access chains for both cloud and on-premises environments&period; This innovative approach to securing service accounts sets a new standard and challenges traditional approaches like never before&comma;” said Michael Brown&comma; partner at Shield Capital&period; &OpenCurlyDoubleQuote;Anetac launches amidst a global surge in cyber threat growth across all industries&comma; addressing the critical need for a dynamic streaming solution offering constant visibility and control across all accounts &&num;8211&semi; service&comma; user and admin&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Cyber attacks stemming from unmonitored or poorly monitored service accounts are a remarkable global issue affecting organizations in all industries&period; With the Anetac Dynamic Identity and Security Platform&comma; organizations are poised for constant surveillance on constantly changing service accounts privileges&comma;” said Jason Witty&comma; CISO investor&period; &OpenCurlyDoubleQuote;This investment is about supporting a solution that aims to mitigate a significant risk facing enterprises worldwide&period;”<&sol;p>&NewLine;