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Otterize Raises $11.5M Seed Funding to Simplify Secure Access for Developers

Otterize Raises $11.5M Seed Funding to Simplify Secure Access for Developers

April 15, 2023

Otterize, a start-up based in Dover, DE, has raised $11.5 million in seed funding from Crew Capital, Index Ventures, Operator Partners, Vine Ventures, L.P., Vine Ventures, L.P., and Jibe Ventures to simplify secure access for developers. The company offers a declarative approach to service-to-service authorization called intent-based access control (IBAC), which makes secure access transparent for developers.

With IBAC, developers no longer need to maintain server permissions and access controls or figure out security mechanisms manually. Instead, developers can simply declare which services they intend to call, and access will be granted automatically while blocking anything else. This approach simplifies secure access for developers, enabling them to focus on developing their applications rather than managing access control.

The  team of Otteriz

With this latest funding round, Otterize is well-positioned to continue developing its IBAC platform and expanding its customer base. The company's focus on simplifying secure access for developers is a significant step towards making secure access more accessible to businesses of all sizes.

Crew Capital, Index Ventures, Operator Partners, Vine Ventures, L.P., Vine Ventures, L.P., and Jibe Ventures, the investors in this funding round, are all venture capital firms that invest in companies with innovative technologies that have the potential to transform industries. This partnership between Otterize and its investors is a significant step towards making secure access more accessible to developers worldwide. Visit us for more information about their latest funding round: https://founderlodge.com/round/Otterize-raises-11500000-Seed-2023-04-14-httpswwwlinkedincomintomergreenwald-MTIxOTM

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