# Akeyless Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/akeyless-security

- Industry: IT Security/Cybersecurity
- Headquarters: Ramat Gan, Israel
- Website: www.akeyless.io
- Total disclosed funding: $125M
- Latest round: Series B (Nov 16, 2022)
- Investors on record: 3

## About

Based in Israel, Akeyless Security Ltd. specializes in cloud-native solutions for secrets management and machine identity, enhancing security and operational efficiency for enterprises.Akeyless Security Ltd. was founded in 2018 and is headquartered in Ramat Gan, Israel. The company provides a cloud-native platform focused on secrets management. The founders include Oded Hareven, Refael Angel, and Shai Onn, with Oded Hareven also serving as CEO. Akeyless has successfully completed 5 funding rounds, with the latest being a VENTURE DEBT round raising USD 19.50 mn on October 29, 2024, totaling USD 45.50 mn raised to date.Akeyless offers a cloud-native SaaS platform designed for managing secrets and machine identity via a unified interface. Key products include Vaultless® Secrets Management for centralizing and securing credentials, Certificate Lifecycle Management for automating certificate renewal, and a Universal Secrets Connector for orchestration across various environments. These solutions cater to enterprises in technology, healthcare, and finance sectors, serving clients like Constant Contact and Wix, with a significant market presence in North America and Europe.Akeyless generates revenue primarily through subscription-based models under a Software as a Service (SaaS) framework. Clients enter into annual or multi-year contracts with tiered pricing plans tailored to their organizational needs. The flagship services include Vaultless® Secrets Management, providing automated renewal features and comprehensive management for encryption keys, ensuring robust security compliance for clients.In October 2024, Akeyless Security Ltd. secured VENTURE funding from Deutsche Bank Corporate Venture Capital to enhance control, visibility, and security in managing secrets and machine identities, aimed at preventing breaches. The company intends to utilize this funding to develop new products and expand its market presence, although specific upcoming product launches and targeted geographic regions have not been disclosed.

## Funding rounds

- Series B, Nov 16, 2022, $46M — Jerusalem Venture Partners, NGP Capital, Team8 Capital
- Series B, Nov 16, 2022, $65M — Jerusalem Venture Partners, NGP Capital, Team8 Capital
- Series A, Apr 28, 2021, $14M — Jerusalem Venture Partners, Team8 Capital

## Investors

- Jerusalem Venture Partners (https://capitalatlas.ai/funds/jerusalem-venture-partners) — Series A, Series B
- Team8 Capital (https://capitalatlas.ai/funds/team8-capital) — Series A, Series B
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series B