AuthMind, a pioneer in identity protection, has announced a $19.3 million seed funding round led by Cheyenne Ventures. The investment round also saw participation from notable investors including Black Opal Ventures, K2 Access Fund, Jefferies Family Office, Silver Buckshot Ventures, Blu Venture Investors, and existing investors Ballistic Ventures and IBM.
Modern enterprises face increasing vulnerability due to fragmented identity infrastructures across various environments, compounded by the emergence of shadow IT, non-human workloads, and advanced AI. Traditional security measures have struggled to keep up with sophisticated identity-based threats, such as those orchestrated by groups like Volt Typhoon, which mimic legitimate identity activity. To combat these evolving threats effectively, enterprises require identity protection solutions built on contextual identity observability.
AuthMind’s approach, centered on observability, offers comprehensive protection for all identities across multi-cloud, hybrid, and on-premises environments. This holistic identity observability enables AuthMind to identify risks and attacks in real-time with high fidelity, empowering security teams to drive business transformation through cloud adoption and AI integration securely.
The funding will be utilized to accelerate AuthMind’s go-to-market operations and product innovations within its Identity Protection Platform. This platform can be deployed enterprise-wide in minutes, providing rapid and secure protection.
Gregory Eaton, founder and managing director at Cheyenne Ventures, commented, “As enterprises navigate increasingly complex technology environments, the complexity of identity protection has grown exponentially. AuthMind is addressing this challenge head-on with a new approach to identity protection through comprehensive identity observability, giving organizations the context, clarity and control to protect their environments. We are excited to support AuthMind as they lead the way in transforming identity protection.”
Shlomi Yanai, CEO of AuthMind, stated, “AuthMind is redefining identity protection by providing continuous, context-driven observability, posture management, and threat detection for all identities and their access paths across multi-cloud, SaaS, and on-premises environments. With the backing of top investors and advisors, we are poised to expand our market reach and protect enterprises against the growth of identity-based threats driven by today’s cloud migration and the accelerating use of AI tools.”
AuthMind’s innovative approach and significant funding position the company at the forefront of identity protection, addressing the critical needs of modern enterprises in an increasingly complex digital landscape.
