# Ermetic

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

- Industry: IT Security/Cybersecurity
- Headquarters: Tel Aviv, Israel
- Website: www.ermetic.com
- Total disclosed funding: $97M
- Latest round: Series B (Dec 15, 2021)
- Investors on record: 6

## About

Ermetic Ltd. is an Israel-based cybersecurity company focused on cloud security solutions, offering advanced tools to manage and secure cloud environments for businesses.Founded in 2019 and headquartered in Tel Aviv, Israel, Ermetic Ltd. specializes in cybersecurity with a focus on cloud security. The company was co-founded by Arick Goomanovsky, Michael Dolinsky, Shai Morag, and Sivan Krigsman, with Shai Morag currently serving as CEO. Ermetic has completed five funding deals, with its most recent round being a Trade Sale on September 7, 2023, where it raised USD 265.00 mn from Tenable, Inc., amounting to a total of USD 265.00 mn raised to date.Ermetic Ltd. offers a comprehensive suite of cybersecurity products focused on cloud security. Its core offering is Tenable Cloud Security, which serves as a unified cloud-native application protection platform (CNAPP). Key features include Cloud Infrastructure and Entitlement Management (CIEM) and Just-in-Time (JIT) access to cloud resources, addressing critical security risks such as misconfigurations, vulnerabilities, and sensitive data exposure. Tenable's solutions are utilized by organizations globally across North America, Europe, and Asia-Pacific, enabling them to continuously discover and analyze their cloud assets and vulnerabilities.Ermetic generates revenue primarily through a subscription-based model for its cloud security solutions. Customers subscribe to services such as Tenable Cloud Security, Tenable Web App Scanning, and Tenable Vulnerability Management, typically on an annual basis, allowing ongoing access to security tools and updates. Pricing plans vary based on the services selected and the scale of cloud environments being secured, functioning predominantly in a B2B format where clients purchase licenses for cybersecurity solutions.In September 2023, Tenable, Inc. agreed to acquire Ermetic Ltd. for USD 265.00 mn, aiming to accelerate business expansion and enhance product capabilities. The transaction was completed in October 2023. This acquisition is expected to support Tenable in expanding its offerings and presence in the cloud security market.

## Funding rounds

- Series B, Dec 15, 2021, $70M — Accel, Norwest Venture Partners, Glilot Capital Partners, Qumra Capital, Target Global, Forgepoint
- Series A, Jul 29, 2020, $17M — Accel, Norwest Venture Partners, Glilot Capital Partners, Target Global
- Seed, May 6, 2020, $10M — Norwest Venture Partners, Glilot Capital Partners, Target Global

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Seed, Series A, Series B
- Glilot Capital Partners (https://capitalatlas.ai/funds/glilot-capital-partners) — Seed, Series A, Series B
- Target Global (https://capitalatlas.ai/funds/target-global) — Seed, Series A, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Qumra Capital (https://capitalatlas.ai/funds/qumra-capital) — Series B
- Forgepoint (https://capitalatlas.ai/funds/forgepoint) — Series B