AccSense raises $5M for its Okta data protection platform
Startup AccSense has raised $5 million in funding to expand the adoption of its namesake software platform, which helps companies protect their Okta environments from cyberattacks.
AccSense, officially Empyrean Technologies Ltd., announced the seed funding round today. Joule Ventures was the lead investor. Gefen Capital, Fusion and a number of angel investors participated as well.
Many companies use Okta Inc.’s namesake identity and access management, or IAM, platform to secure their applications. An IAM platform is a software system that regulates which user can log into what application in a company’s network. Okta automatically detects and blocks unauthorized access requests.
Because of its important role in companies’ cybersecurity operations, Okta’s IAM platform is a target for hackers. Gaining access to a deployment of the platform can enable hackers to create malicious user accounts with access to sensitive systems. Additionally, cyberattacks targeting a company’s Okta environment have the potential to disrupt employee access to internal applications.
Tel Aviv-based AccSense offers a platform that can help companies mitigate such risks. According to the startup, its platform provides tools for identifying potentially malicious changes to an organization’s Okta environment. It also promises to ease the detection of technical issues caused by human error.
The platform automatically creates backup copies of an Okta environment. In the event of a cyberattack or configuration error, administrators can recover the most recent backup with one click.
AccSense says that its platform can provide a recovery point objective, or RPO, of about 10 minutes. RPO is a metric that describes how much data is lost in the event of an outage. With a 10-minute RPO, only data created less than 10 minutes before an outage might be lost.
The company offers its backup features alongside a failover tool. Its platform enables organizations to create a standby copy of an Okta environment and quickly bring it online in case of an outage. As a result, employees can continue accessing applications while administrators perform troubleshooting.
AccSense says its platform doesn’t require companies to deploy an additional piece of software, or agent, in their Okta environments during installation. The result is a relatively simple setup process. According to the company, its platform takes as little as a few minutes to deploy.
“In today’s threat landscape, Cloud Identity Access Management systems are highly vulnerable to security breaches, human error and insider threats,” said AccSense co-founder and Chief Executive Officer Muli Motola. “It is our mission to ensure that every IAM solution has optimal accessibility, maximum uptime and next-level operational efficiency.”
AccSense will use its new $5 million funding round to extend its platform beyond Okta by adding support for additional IAM platforms. It also plans to accelerate go-to-market initiatives.
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