# Aembit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aembit

- Industry: Software
- Headquarters: Silver Spring, US
- Website: www.aembit.io
- Total disclosed funding: $38M
- Latest round: Series A (Jul 16, 2024)
- Investors on record: 5

## About

Based in Maryland, US, and founded in 2021 by its CEO David Goldschlag and CTO Kevin Sapp, Aembit, Inc. provides a workload identity and access management platform that enables end-users to manage, enforce, and audit access to their federated workloads. In February 2023, Aembit, Inc. raised USD 11.4 million in seed funding co-led by Ten Eleven Ventures and returning investor Ballistic Ventures. As of March 2023, the company has a team of 11 people. Aembit, Inc. offers an identity platform for managing and auditing access to federated workloads, which are programs or applications that use computing, data, networking, and storage to perform one or more tasks. It connects workloads to services such as APIs, databases, and cloud resources, while also streamlining application development and delivery. It enables DevOps teams to speed up application delivery by handling workload authentication, authorization, and logging, as well as security teams to standardize security processes and manage access between workloads and services. The company generates revenue by selling its product on an enterprise subscription basis. The company plans to use the seed funding to expand operations and its business reach. In July 2024, Aembit, Inc. raised USD 24 million in series A funding led by Acrew Capital, with participation from Ballistic Ventures, CrowdStrike Ventures, Okta Ventures, and Ten Eleven Ventures. Other unspecified investors also participated in the round.

## Funding rounds

- Series A, Jul 16, 2024, $24M — Ten Eleven, Okta Ventures, Acrew Capital, Ballistic Ventures, CrowdStrike Ventures
- Seed, Jun 23, 2023, $2.4M — Okta Ventures
- Seed, Feb 3, 2023, $12M — Ten Eleven, Ballistic Ventures

## Investors

- Ten Eleven — Seed, Series A
- Ballistic Ventures (https://capitalatlas.ai/funds/ballistic-ventures) — Seed, Series A
- Okta Ventures (https://capitalatlas.ai/funds/okta-ventures) — Seed, Series A
- Acrew Capital (https://capitalatlas.ai/funds/acrew-capital) — Series A
- CrowdStrike Ventures — Series A