Privileged Access Management (also known as PAM) provides the ability to control access to sensitive areas of your technology environment. Instead of giving everyone access to these resources (or conversely, no one), you should be able to apply permissions in detail.
But it’s a challenge without the right tools. shared destiny, an Australian startup of a few former cyber security consultants wants to help with an open source tool and an early access cloud service.
Today, the company announced a $3.1 million seed investment.
Co-founder Fraser Ricupero says the company gives engineers quick access to the tools they need. “We exist to ensure that employees in organizations, namely technical teams and security professionals within the organization, can access the appropriate level of internal services,” he said.
That can be cloud infrastructure services or critical applications such as 1Password, GitHub, Salesforce and other SaaS applications. “And it’s about getting the right level of access they need to do their job when they need it and in a secure way,” he said.
Co-founder Chris Norman says that when they worked as consultants before starting the company, the two founders saw the need for a product like this. “We’ve seen through our own background as consultants, a real sprawl of internal access and a proliferation of overprivileged access and the people we’re talking about, these engineers, they need this access at a very high speed to build applications and users serve the digital products they build,” said Norman.
He says they differ from other PAM products on the market because of their focus on developers. “We differ in that we are developer and practitioner-first and developer-focused, and for us that means direct integration with internal command-line tools and a huge focus on the command-line user experience,” he said.
The company has an open source tool called Promisedand it is launching an early access program to the SaaS version of the product.
With 7 employees, the plan is to keep it small for now with only one open vacancy for a community success engineer currently, but when it comes to hiring, the founders understand the importance of diversity. “We are well aware of those issues in technology, and apparently these issues are significantly more pronounced in cloud security,” said Ricupero.
“From the research we did internally, we see that diverse teams simply perform better. And one of the recruitment criteria [for the open role] should we ask ourselves if the candidate brings a new perspective and background to our team, or is it just more of the same? So it is clear that we are looking for a diverse mix of talented people within our company,” he said.
Today’s $3.1 million investment was led by Work-Bench with participation from Haystack Ventures and Essence VC.