Orchid Security Secures $36 Million for Identity Security Platform
Orchid Security, a New York-based company specializing in identity-first security orchestration, has recently secured $36 million in seed funding. This significant investment was co-led by Team8 and Intel Capital, with additional support from CapitalOne and industry leaders.
Team8 is a global venture creation and venture capital fund that focuses on building and investing in companies across various sectors, including cybersecurity, data & AI, fintech, and digital health. Intel Capital, the investment arm of Intel Corporation, focuses on technology startups and companies, with investments spanning areas such as artificial intelligence, autonomous technology, cloud and data centers, 5G, semiconductor manufacturing, and cybersecurity.
The funding will be utilized to accelerate Orchid’s use of large language models (LLMs), develop its platform, scale up its sales and support teams, and build its marketing engine. Orchid Security provides an identity security platform that leverages LLMs to unify and secure complex identity environments across enterprises. Its solution continuously discovers and assesses authentication and authorization flows across on-premise and SaaS applications.
Founded by Roy Katmor, Robert Weisman, and Ido Kelson, Orchid Security aims to automate the discovery, assessment, remediation, and management of identity security posture across on-premise and cloud applications. This approach is designed to lower costs, maintain compliance, and reduce risks related to identity and access management.
Orchid’s vision is to bring clarity to the complexity of fragmented identity security by utilizing LLMs to interpret application instructions, revealing identity-related context and reasoning in each application’s design. This breakthrough has enabled the development of a groundbreaking Identity-first Security Orchestration solution that discovers all applications in use throughout an enterprise, assesses their identity flows to highlight exposure, and enables the remediation of that exposure to strengthen and maintain the organization’s identity security posture.
The company’s leadership team includes seasoned executives with a proven track record of successful entrepreneurship, deep AI and cybersecurity expertise, and demonstrated product-market-fit and go-to-market strategies within the security industry. Roy Katmor, Co-Founder & CEO, has a strong entrepreneurial background and extensive experience in product-market fit and go-to-market strategies. Robert Weisman, Co-Founder & VP Ops and GM of the Israeli Site, has led the incubation of cybersecurity startups and advised founders on strategy. Ido Kelson, Co-Founder & VP of Engineering, has led engineering teams and developed patented technology across different cybersecurity domains.
Orchid Security’s customers include Fortune 500 companies like Costco and Repsol, who benefit from the company’s ability to provide unprecedented insight and action to their identity security with the help of advanced technologies like LLMs. The company’s solution ensures strong and consistent identity security posture, reduces application onboarding time, and saves professional services costs.
With this funding, Orchid Security is poised to further develop its innovative platform and expand its reach in the identity security market. The investment from Team8, Intel Capital, and CapitalOne underscores the potential of Orchid’s technology to address the complex challenges of identity security in enterprises.
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