Anetac, a Los Altos, CA-based startup protecting companies from blind spots of service accounts in hybrid environments, raised $16M in funding.
The round was led by Liberty Global with participation from Shield Capital, The General Partnership, Anetac CEO Tim Eades and Jason Witty.
The company intends to use the funds to elevate its service offerings to cater to security leaders’ needs in the modern threat landscape.
Founded in 2023 and led by CEO Tim Eades, Anetac is a provider of a dynamic identity and security platform that offers continuous visibility of the ever-evolving service account landscape that every organization encounters today. Its streaming approach dynamically addresses identity problems and improves organizations’ security posture. For hybrid environments, the solution offers real-time visibility, enabling users to discover, monitor and respond to the large threat surface exploited via service accounts.
Commenting on the news Tim Eades said: “It’s staggering to discover the extent of poor security hygiene amongst service accounts. With our new platform, available today, we will proactively solve the disconnect of static scanning tools with an innovative, streaming approach that dynamically addresses identity problems and improves organizations’ security posture.”
FinSMEs
06/05/2024