Aserto Raises $5.1 Million Seed to Launch Authorisation Service

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  • This round of funding will be used to accelerate product development and broaden access to its private beta
  • Aserto leverages its founders’ unique expertise to create the definitive developer API for authorization in SaaS applications

Aserto has announced the launch of its authorization as a service company, making it easy for developers to build enterprise-ready SaaS applications. It has announced a $5.1 million in Seed financing led by Costanoa Ventures with participation from Heavybit Industries as well as angel investors Bob Muglia, former CEO of Snowflake; Mathias Biilmann Christensen, co-founder/CEO of Netlify; and Tom Preston-Werner, co-founder of GitHub. This round of funding will be used to accelerate product development and broaden access to its private beta.

Developer API’s are now commonplace from SendGrid for email delivery and Twilio for text messaging to Stripe for payments and Auth0 for authentication. Each pioneered the trend to use a developer API for important functionality that isn’t their core competency. Authorization is next. Aserto Cofounders Omri Gazitt and Gert Drapers possess over six decades of experience at Microsoft, HP Cloud, Puppet, and Hulu building databases, directories, developer tools, cloud platforms, open source IaaS and PaaS projects, and running billion-dollar businesses.

Authorisation as a service is an architectural, distributed systems challenge

Casey Aylward, Principal at Costanoa Ventures, “Authorization is an even bigger, unaddressed problem, than the multi-billion dollar authentication category.There is a dire need for a developer-centric approach like Aserto’s. And we saw no better team to do it.”

Authorisation as a service is an architectural, distributed systems challenge. It requires 100 per cent availability and a millisecond latency budget while providing centralised control through a managed service

It said that Aserto leverages its founders’ unique expertise to create the definitive developer API for authorization in SaaS applications. Its opinionated framework provides 80% of the heavy lifting required to build enterprise-ready permissions and RBAC, reducing time to market and making it easier to sell into enterprises.

It said that it’s enterprise authorization will instantly provide fine grained role- and attribute- based access control covering key enterprise requirements and zero-trust, real-time authorisation, eliminating risk of unauthorized access from stale permissions. It will provide a policy-as-code, GitOps-centric approach to authoring, editing, storing, versioning, building, deploying, and managing authorization rules and centralized management of authorization logs, simplifying SOC2 and ISO 27001 compliance

James Lindenbaum, Co-founder of Heroku and Heavybit said, “A policy-centric authorization solution for developers is a glaring hole in the market, and there is no team on the planet better equipped to build it to enterprise-grade. Heavybit investing in Aserto was a no-brainer.”

This round of funding will be used to accelerate product development and broaden access to its private beta.

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