[ad_1]
Tomer Greenwald, Yuri Sarid, and Ori Shoshan, software developers, build and configure software certification and licensing mechanisms iteratively – each time with a different technology stack. Frustrated with the process, they wanted to create a platform that would allow developers to focus on writing code instead of constantly configuring server permissions.
So Greenwald, Shoshan, and Sarid, the former CTO of Mulesoft, founded Outreze, whose goal is to help developers securely connect different software services to each other and infrastructure by configuring existing security controls. Otterize today raised $11.5 million in a seed funding round led by Index Ventures, with participation from Dig Ventures and Vine Ventures, Jibe Ventures, Crew Capital and Operator Partners.
“Most software these days consists of multiple services that interact with each other,” Greenwald told TechCrunch in an email. “With Otterize, developers can simply declare, along with their code, the calls their code intends to make and securely make those calls.”
As Greenwald explained to me, Otterize uses statements to set access controls to allow intended calls — and block any unintended ones. If a service is corrupted, it cannot be used to corrupt other services it is not intended to call. As an added benefit, Outreize provides a real-time map — Greenwald calls it an “access graph” — of all the services in the software application’s backend and how they interact with each other, which certificates they use, how they’re re-secured, and what’s left.
Developers can embed Otterize’s open source solution into their development pipeline or choose Otterize’s newly launched fully managed solution, Otterize Cloud.
Image Credits: Otterize “The way most access control methods work, one has to keep track of what services should be allowed to access another service, data source, or API. That’s tedious, error-prone, and requires being an expert on every technology used for authentication and authorization.” “With Autoriz, no knowledge is required from developers of how these technologies work, and maintenance is done based on one source of knowledge that can always be accurate and up-to-date: the developers of the code making those calls declare their needs when they need it,” Greenwald said. Build it.
Otterize isn’t currently generating revenue — until recently it offered a free service — and declined to talk about its customer base. Asked about the broader slowdown in technology and the collapse of Silicon Valley banks, Greenwald expressed his belief that Otterize’s focus is on “responsible growth” and “prioritization.” Product market fit” puts the company in good stead.
Time will tell. But one factor in Otriz’s favor is the high spending on cyber security, especially within the enterprise. According to a 2021 survey from JumpCloud and ESG Research, 97% of security executives plan to expand or continue spending on identity and access tools.
Beyond access management, 65% of organizations plan to increase spending on cybersecurity this year, an ESG research study found. Gartner predicts that global spending on security and risk management will grow more than 11 percent in 2023, from $158 billion to $188 billion in 2021.
“By taking a measured approach to growth, we can make sure we’re delivering value to our customers and build a sustainable business after that value,” Greenwald said. “Authorize is a pioneer of new access controls, automating the necessary access provisioning and maintenance without human coordination, based on minimally specific principles to maintain the overall ecosystem security of services.”
[ad_2]
Source link
