Deutsche Bank’s Corporate Venture Capital (CVC) group has made a strategic investment in identity security firm Akeyless, though the terms of the deal have not been disclosed.
Akeyless has developed a unified Secrets & Machine Identity platform aimed at addressing the primary cause of security breaches—compromised identities and secrets. This cloud-native SaaS platform is already utilized by Fortune 100 companies to manage the lifecycle of all non-human identities and secrets across various environments.
Oded Hareven, CEO of Akeyless, stated, “Our research shows that enterprises are employing more than 12 tools across 15 categories from 75 different vendors for secrets and machine identity management. This not only drives up costs and complexity but also undermines the security posture of the enterprise.
“The strategic investment from Deutsche Bank will help us accelerate our mission to prevent breaches by providing enterprises with improved control, visibility, and security for managing their secrets and machine identities effectively.”