On September 12, 2024, Aembit, a leading non-human identity and access management (IAM) company, has secured $25 million in Series A funding, bringing its total capital raised to nearly $45 million. Acrew Capital led the round, with participation from existing investors Ballistic Ventures, Ten Eleven Ventures, Okta Ventures, and CrowdStrike Falcon Fund. Wilson Sonsini Goodrich & Rosati advised Aembit on the transaction.
Aembit has led the market in solving this emerging challenge by pioneering non-human IAM. It enables policy-based access management between workloads and the sensitive resources they access, moving beyond reactive visibility and governance to proactively shrink the attack surface of rapidly growing and highly distributed non-human identities.
The Wilson Sonsini team that advised Aembit on the transaction included:
Corporate
Michael Labriola
Evan Burroughs
Jordan Hecht
John Lynch
Nikisha Sisodiya
Employee Benefits
Michael Montfort
National Security
Stephen Heifetz
Anne Seymour
Kara Millard
For more information, please see Aembit’s press release.