Scytale grabs $5M Series A for application-to-application identity management
Scytale, a startup that desires to deliver identification and entry administration to application-to-application actions, introduced a $5 million Sequence A spherical as we speak.
The spherical was led by Bessemer Venture Partners, a return investor that led the corporate’s earlier $three million spherical in 2018. Bain Capital Ventures, TechOperators and Work-Bench are additionally taking part on this spherical.
The corporate needs to deliver to functions and companies in a cloud native setting the identical sort of authentication that people are used to having with a instrument like Okta. “What we’re focusing on is trying to bring to market a capability for large enterprises going through this transition to cloud native computing to evolve the existing methods of application to application authentication, so that it’s much more flexible and scalable,” firm CEO Sunil James informed TechCrunch.
To assist with this, the corporate has developed the open-source, cloud-native mission, Spiffe, which is managed by the Cloud Native Computing Basis (CNCF). The mission is designed to offer identification and entry administration for application-to-application communication in an open-source framework.
The concept is that as corporations transition to a containerized, cloud-native approach to software supply, there must a clean automated manner for functions and companies to in a short time show they’re authentic, in a lot the identical manner people present a username and password to entry an internet site. This may very well be, for instance, as functions go by API gateways, or as automation drives using a number of functions in a workflow.
Webscale corporations like Google and Netflix have developed mechanisms to make this work in-house, however it’s been out of attain of most massive enterprise corporations. Scytale needs to deliver to any firm this functionality to authenticate companies and functions.
Along with the funding announcement, the corporate introduced Scytale Enterprise, a instrument that gives a industrial layer on high of the open-source instruments the corporate has developed. The enterprise model helps corporations which may not have the personnel to cope with the open-source model on their very own by offering coaching, consulting and assist companies.
Bain Capital Enterprise’s Enrique Salem sees a startup fixing an enormous downside for corporations which can be transferring to cloud-native environments and wish this type of authentication. “In an increasingly complex and fragmented enterprise IT environment, Scytale has not only built Spiffe’s amazing open-source community but has also delivered a commercial offering to address hybrid cloud authentication challenges faced by Fortune 500 identity and access management engineering teams,” Salem mentioned in a press release.
Based mostly within the Bay Space, Scytale launched in 2017 and presently has 24 workers.