Ermetic Raises $70M in Series B Financing

Ermetic, a Palo Alto, CA- and Tel Aviv, Israel-based cloud infrastructure security company, closed a $70M Series B financing.

The round was led by Qumra Capital with support from new investor Forgepoint Capital and participation from existing investors Accel, Glilot Capital Partners, Norwest Venture Partners and Target Global. As part of the financing, Boaz Dinte, Managing Partner at Qumra, has joined the company’s board of directors.

The company, which has now raised $100M in funding, intends to use the funds to scale sales and marketing operations in the US, Europe, the Middle East and Africa, and Asia Pacific, as well as grow its engineering team.

Led by Shai Morag, CEO, Ermetic provides a SaaS platform that detects and prevents security threats within complex AWS, Google Cloud and Microsoft Azure environments giving a holistic multi-cloud protection for global enterprise customers.. Since its last round of financing, the company has quadrupled in size to more than 100 employees, increased its number of customers by 800% and now protects millions of resources.

Source: https://www.finsmes.com/2021/12/ermetic-raises-70m-in-series-b-financing.html?web_view=true