Otterize raises $11.5 million in Seed for its intent-based access control paradigm
Otterize raises $11.5 million in Seed for its intent-based access control paradigm
Its open source and cloud product helps growing distributed workforces that demand more self-serve solutions and quick development without coordinating between client and server teams
Otterize, an open-source solution helping connect services securely to each other and their infrastructures, has announced that it has raised $11.5 million in Seed and has unveiled its new Otterize Coud product. The round was led by Index Ventures, Dig Ventures, and Vine Ventures, with participation by Jibe Ventures, Crew Capital, and Operator Partners. A slew of angel investors also took part in the round, including individuals from Stripe, Snyk, Robinhood, Armis, Slack, and GitHub, among others.
“The motivation for starting Otterize wasn’t to provide yet another policy engine, an easier configuration UI, or another dashboard,” said Tomer Greenwald, Otterize CEO. “It was to completely rethink how service-to-service access can be made both effortless and secure, enabling developers to focus on writing code rather than on configuring server permissions. And if possible, do it without introducing any new authorization components. I’m excited to see that vision now becomes a reality, with a new approach – intent-based access control (IBAC) – and a product you can deploy in minutes.”
The Otterize open source and cloud product helps growing distributed workforces that demand more self-serve solutions and quick development without coordinating between client and server teams. Its product disrupts an environment in which engineers either: can’t connect securely, have to teach everyone to connect securely to every new technology, or must tackle every new need manually within the small platform engineering team. Otterize helps alleviate these issues by adding visibility and insights from the Otterize Cloud service to the OSS product for Kubernetes.
With intent-based access control (IBAC), developers get secure access to services by declaring what calls the code intends to make. Otterize then configures automatically existing access controls and allows those calls and blocks unintended calls.
“The vision of Otterize is truly transformative for developers. It doesn't just seek to remove a bit of the friction for engineers connecting multiple services, but it truly eliminates it,” said Carlos Gonzalez-Cadenas, partner at Index Ventures. Guy Podjarny, co-founder and President of Snyk, added: “By flipping the conventional paradigm of server-side access controls to be based on client intents to call the server, Otterize makes life fundamentally better for developers, which drives adoption, which ends up with the security posture organizations have yearned for.”
Otterize was founded in 2022 by Greenwald, Uri Sarid, and Ori Shoshan. It offers an open-source intent-based access control solution for DevOps and platform engineers to automate the secure connection of services to each other and infrastructures.
