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Identity and Security Startup Anetac Secured $16M Investment in Funding

Anetac, a startup established in Los Altos, California that shields businesses against service account blind spots in hybrid environments, has raised sixteen million dollars in capital. Leading the round was Liberty Global, with participation from Jason Witty, The General Partnership, Shield Capital, and Tim Eades, CEO of Anetac.

With the money, the company hopes to improve the services it offers and meet the demands of security executives in the current threat environment.

Anetac is a dynamic identity and security platform provider that was founded in 2023 and is headed by CEO Tim Eades. It provides constant view of the constantly changing service account landscape that every enterprise faces in the modern era. Its streaming methodology enhances an organization’s security posture by dynamically addressing identification issues. The solution provides real-time visibility for hybrid systems, allowing users to identify, keep an eye on, and react to the extensive threat surface that is exploited through service accounts.

Commenting on the news Tim Eades said: “It’s staggering to discover the extent of poor security hygiene amongst service accounts. With our new platform, available today, we will proactively solve the disconnect of static scanning tools with an innovative, streaming approach that dynamically addresses identity problems and improves organizations’ security posture.”

The goal of Anetac is to dynamically connect identities, accounts, and data patterns.
With strong roots in cybersecurity, Anetac serves businesses of all shapes and sizes by utilizing its many years of experience in the field.

In order to comprehend problems pertaining to service accounts, the founding team of Anetac interviewed over 35 security professionals worldwide in-depth before the company was founded. It has created a top-notch identity management platform that offers streaming discovery and administration of the dynamic service account landscape that every organization faces by taking a customer-centric approach and being conscious of the dynamic settings that security teams face nowadays. Its expertise, enthusiasm for security, and dedication to ongoing development are intended to revolutionize the security and management of service accounts.

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