Entro

Overview

Entro is a cybersecurity company focusing on secrets management and non-human identity (NHI) governance. Founded in 2023, Entro emerged from stealth mode in May 2023 and has since raised a total of $24 million. The company is based in Israel and was co-founded by Itzik Alvas, who previously held roles at Microsoft and other tech giants. Entro aims to enhance security frameworks for enterprises by providing an end-to-end solution to monitor and manage secrets, which are critical data, across platforms in real-time.

Recent Developments

  • June 2024: Entro announced a funding round where they raised an additional $24 million from investors such as StageOne Ventures and Hyperwise Ventures, as reported by Calcalistech. This new injection of funds is set to support the expansion of their platform capabilities.
  • May 2024: According to TechCrunch, Entro has made strides in integrating their solutions with existing enterprise systems, focusing on making secrets management seamless and more robust against breaches.
  • July 2023: Entro emphasized its market readiness through technological advancements and partnerships with other tech security firms, initiating integration tests with popular development and operations tools to enhance their competitive edge.
  • May 2023: Entro launched its platform to public acclaim, offering real-time detection and remediation tools specifically catered to enterprise customers. Their system centralizes and contextualizes secrets security data, which gained particular attention due to rising incidents of secrets-related breaches noted by industry reports from IBM and Verizon.

Company Information

AttributeInformation
Founding Date2023
HeadquartersIsrael
FoundersItzik Alvas, and others not specified
RevenueNot publicly disclosed
ProfitsNot publicly disclosed
Key InvestorsStageOne Ventures, Hyperwise Ventures
IndustryCybersecurity
Number of EmployeesNot publicly disclosed

Early History

Entro was founded by industry veterans who recognized a critical gap in enterprise cybersecurity, particularly concerning the management and security of secrets and non-human identities (NHIs). Before Entro's inception, its founders dealt firsthand with the inefficiencies and security risks associated with secrets management in large tech companies like Microsoft and IBM. This led to the formation of Entro in 2023, with the objective of building a platform that simplifies and strengthens the governance of these elements. The company quickly pivoted to public operations, fueling its initial growth with seed funding from strategic investors in the tech security space.

Company Profile and Achievements

Entro's business model focuses on providing an end-to-end secrets management solution that integrates with a variety of existing enterprise tools, including CI/CD pipelines, cloud services, and storage systems. Their platform automates detection and responses to potential threats, thus enhancing security postures without putting extra workloads on security teams. Major achievements include:

  • May 2023 Launch: Successfully debuting its platform with features that were already highly demanded due to rising security breaches related to secret management.
  • Integration Capabilities: Enhanced user experience and security through seamless integration with popular dev-ops and secrets storing tools, making it a preferred choice for large enterprises.
  • Rapid Fund Acquisition: Securing $24 million in the first significant funding rounds post-stealth, highlighting investor confidence in their strategic roadmap.
  • Focus on Market Education: Running initiatives and partnerships aimed at educating companies about the importance of comprehensive secrets management and its role in preventing costly breaches.

Current Operations and Market Position

Currently, Entro operates at the cutting edge of cybersecurity solutions, particularly targeting the burgeoning market for secrets management. Their operational model involves ongoing refinement of their platform, which offers real-time monitoring and remediation capabilities tailored for today's dynamic enterprise environments. Entro's emphasis on integrating with existing systems provides them a notable edge in the marketplace, making their solutions attractive to enterprises looking to streamline their cybersecurity processes. Their strategic position is further solidified through partnerships with leading venture firms and a sharp focus on underserved areas of cybersecurity.

Conclusion

Entro stands out as a significant player in the cybersecurity sector, primarily addressing the niche yet critical area of secrets management. With strong backing from reputed investors and a leadership team with deep industry insights, Entro is poised to grow and influence the way organizations handle secrets and non-human identities. Moving forward, Entro's commitment to innovation and strategic expansions may well position it at the forefront of cybersecurity solutions, offering greater safety and operational efficiency for enterprises globally.

References

  1. Calcalistech
  2. TechCrunch