Otterize, a Dover, Delaware-based company that provides an innovative open source solution for securely connecting services, has successfully raised $11.5 million in seed funding. This investment will help expand the company’s operations and reach this area.
The funding round was led by Index Ventures, Dig Ventures and Vine Ventures, and was joined by a diverse group of participants including Jibe Ventures, Crew Capital, Operator Partners and several prominent tech figures.
Founded in 2022 by Tomer Greenwald, Uri Sarid and Ori Shoshan, Otterize developed an open source intent-based access control (IBAC) solution designed specifically for DevOps and platform engineers.
This solution simplifies the secure connection of services to each other and to the infrastructure. IBAC allows developers to gain secure access to services by declaring the calls that code makes to code. Otterize then automatically configures existing permissions to allow these calls and block unwanted ones.
Platform engineers can easily integrate an open source solution into their development pipeline. By leveraging Otterize Cloud’s expertise through its API, they can provide developers with secure access to services and infrastructure. This allows developers to focus on the specific calls that their code needs to make.
The funds raised in this investment round will play a crucial role in expanding the company’s operations and increasing its presence in the industry. Otterize aims to be a key player in enabling developers and platform engineers to create more secure connections between services and infrastructure.