Apono Raises $34 Million for Cloud Identity Management Platform

The company will use the investment to accelerate product development, expand go-to-market operations, and hire new talent.

Cloud identity management startup Apono on Tuesday announced raising $34 million in a Series B funding round that brings the total raised by the company to over $54 million.

The investment round, closed roughly one year after the Series A funding round, was led by USVP, with additional support from 33N, Swisscom Ventures, Vertex Ventures, and previous investors.

A pioneer in Zero Standing Privilege (ZSP) access management, Apono has built a cloud access platform that leverages AI to dynamically grant and revoke access for both human and AI identities.

The solution relies on Just-in-Time (JIT) and Just-Enough-Access (JEA) models to help organizations manage cloud permissions and eliminate gaps in traditional identity and access management (IAM).

Apono tackles the proliferation of AI identities across cloud environments with real-time validation of each request, enforcing security ...