Apono has successfully completed a Series A funding round, raising $15.5 million, led by New Era Capital Partners. Other contributors included Mindset Ventures, Redseed Ventures, and Silvertech Ventures, bringing Apono’s total funding to $20.5 million. The company focuses on AI-powered solutions for cloud access security, delivering cutting-edge tools designed to enhance both security and operational efficiency for enterprises.
The newly acquired funds will be allocated to advancing Apono’s AI capabilities, expanding its sales and marketing teams in the U.S., and enhancing research and development initiatives. Following an impressive 300% revenue growth in recent quarters, Apono is also enhancing its customer support infrastructure by tripling its U.S. sales engineering and customer success teams.
CEO Rom Carmel noted the growing need for integrated identity and access security solutions as privileged access management and identity governance converge. He stated that this funding will allow Apono to sustain its rapid growth while continuing to innovate within the identity security sector.
Investors and clients are enthusiastic about Apono’s mission. Ziv Conen from New Era Capital Partners praised the company’s scalable solutions for cloud access management, while Arthur Goren of Hewlett Packard Enterprise highlighted the platform’s ability to streamline operations and bolster security compliance in their multi-cloud environment.
