Security Startup Anetac Launches With $16M in Funding

The company helps organizations monitor their non-human and shared-use service accounts.

Published on May. 06, 2024
Security Startup Anetac Launches With $16M in Funding
Image: Shutterstock

Anetac, a Los Altos-based startup, has emerged from stealth mode with $16 million in funding led by Liberty Global. The company aims to modernize service account security by equipping organizations with a streaming identity solution for hybrid environments. 

Anetac’s platform offers real-time visibility into an organization’s non-human and shared-use service accounts. When poorly monitored, these accounts, as well as tokens, APIs and access keys, may be targeted by attackers. Anetac’s Dynamic Identity and Security solution enables users to discover, monitor and respond to threats such as large standing privileges, shared use and lack of credential rotation.

Anetac’s solution differs from static scanning tools by providing dynamic visibility into service account access chains, protocols and indicators of attack and compromise. Anetac serves industries such as airlines, banking institutions and educational centers. With its latest investment, the company aims to continue developing its business experience.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected].

Hiring Now
Adyen
Fintech • Payments • Financial Services