Abbey Labs Secures $5.25 Million Seed Round Led by Point72 Ventures to Automate Access Management

Haystack, Essence Ventures, and Angels also Invest to Support the First Access Governance Platform Built for Engineers Abbey Labs, an innovator in identity and access management (IAM), today announced that it raised a $5.25 million seed round to help companies secure and automate employee access to sensitive data infrastructure. The seed round was led by Point72 Ventures with participation from Haystack, Essence Ventures, and angels across the security, infrastructure, and data verticals, including Emilio Escobar, CISO at Datadog, Harold Gimenez, SVP of Engineering at Hashicorp, and Pete Soderling, Founder of Data Council. Founded by Arvil Nagpal, CEO, and Jeff Chao, CTO, former employees of Okta and Stripe, respectively, Abbey Labs is building on the founders’ deep experience at the intersection of identity and data infrastructure. Nagpal and Chao created Abbey Labs with a shared vision: Allow engineers to build secure infrastructure from the start by defining access to follow a principle of least privilege and ensure only strictly necessary access is granted. By developing tools for engineers that integrate well with what they already use, Abbey Labs allows them to increase the scope of their automation. Abbey Labs is addressing an enterprise need that isn’t currently being met: The ability to streamline and make more efficient the process by which a user has access to internal data infrastructure. This process has historically been complex, manual, and slow. Employees ...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Abbey Labs Arvil Nagpal Black Hat BSidesLV 2023 Data Council Datadog DEF CON Emilio Escobar Essence Ventures Harold Gimenez Hashicorp Haystack Health IT Funding Health IT Fundings Health IT I Source Type: blogs