P0 Security Closes $15 Million Series A

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fp0&period;dev&percnt;2F&percnt;3Futm&lowbar;source&percnt;3Dseries&lowbar;a&percnt;26utm&lowbar;medium&percnt;3Dbusinesswire&amp&semi;esheet&equals;54119469&amp&semi;newsitemid&equals;20240910761539&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;P0&plus;Security&amp&semi;index&equals;1&amp&semi;md5&equals;51f67a986b01e04518d71695237c109a" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">P0 Security<&sol;a>&comma; provider of the first unified IGA and PAM platform for the cloud designed to secure all enterprise cloud identities&comma; has closed &dollar;15 million Series A round&comma; bringing its total raised since inception to &dollar;20 million&period; The investment was led by SYN Ventures with participation from Zscaler&comma; the leader in cloud security&comma; and existing investor Lightspeed Venture Partners&period; The company also announced the appointment of SYN Ventures Operating Partner&comma; Ryan Permeh&comma; to the Board of Directors&period;<&sol;p>&NewLine;<p>Legacy approaches to access governance and identity security relied on network boundaries&period; In today’s cloud-native environment&comma; the explosion of cloud resources&comma; data locations and identities—both human and non-human—are exponentially expanding access paths to sensitive data and critical infrastructure&comma; rendering traditional methods ineffective&period;<&sol;p>&NewLine;<p>P0 Security is the first to provide a solution to govern and secure cloud access for all identities—human or machine—in a unified platform&period; Through its agentless architecture&comma; the P0 Security platform deploys in minutes&comma; providing security teams complete visibility and control into who or what is accessing cloud resources&period; Organizations use the platform to manage the access lifecycle for developers and non-human identities&comma; using developer-friendly workflows&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We’ve seen tremendous traction since P0 Security emerged from stealth just ten months ago&period; This funding is a testament to our investors’ confidence in our vision&comma; product and the market opportunity ahead of us&comma;” said Shashwat Sehgal&comma; CEO and co-founder of P0 Security&period; &OpenCurlyDoubleQuote;Traditional access governance and identity security tools were designed to govern human access to enterprise applications&comma; but the cloud brings new complexities&period; It’s not just people accessing the cloud—non-human identities are involved too&comma; in diverse ways&period; Existing tools can’t govern the breadth of ways in which different entities can access the cloud&period; Our platform answers the critical question&colon; &&num;8216&semi;Who or what can access our cloud&quest;&&num;8217&semi;—and puts control back in the hands of organizations&period;”<&sol;p>&NewLine;<p>P0 Security’s customers include some of the largest technology and financial services companies&period; The company plans to use the new funding to significantly scale its go-to-market and engineering teams&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;P0 Security is a natural fit for the SYN portfolio&comma;” said Ryan Permeh&comma; Operating Partner at SYN Ventures&period; &OpenCurlyDoubleQuote;With an incredible track record of success from leaders like Splunk&comma; Cisco and Semgrep&comma; the P0 team is the first to tackle a critical business need with a 100&percnt; cloud-focused&comma; unified platform for governing access for both human and non-human identities&period; This isn’t just a tired IGA and PAM refresh wedged in the cloud&comma; it’s a first-order solution to real problems&period;”<&sol;p>&NewLine;