Ermetic Wins TiE50 2020 Award as Top Startup

Cloud Infrastructure Entitlements Management Provider Named to Prestigious Annual List of Technology Innovators

PALO ALTO, Calif. & TEL AVIV, Israel--(BUSINESS WIRE)--Ermetic, the cloud access risk security company, today announced it is a 2020 TiE50 Winner in the prestigious TiE50 Awards Program. This ten year old awards competition is a program of TiEcon, the world's largest conference for tech entrepreneurs. Ermetic was selected for automating one of the most complex and manually intensive security challenges facing organizations today -- cloud infrastructure entitlements management or CIEM.

“Being selected as one of the TiE50 companies for 2020 from a global field of competitors in every technology sector is further validation for our technology and market opportunity,” said Shai Morag, CEO of Ermetic. “Our ability to address the blindspot associated with unmanaged cloud permissions and configurations is solving a painful problem for virtually every company that uses one or more cloud infrastructures.”

“TiE50 again attracted high potential startups bringing innovation from different parts of the world. Besides the recognition associated with the TiE50 award, this year TiE50 also partnered with Meet the Draper’s, a ground-breaking reality show to give an opportunity to some companies to pitch to the show,” said Kamal Anand, TiE50 Program Chair.

The TiE50 Awards will be presented virtually to the winners during a ceremony on September 3rd. For more information, please go to https://www.tiecon.org/TiE50Awards2020/.

Ermetic has pioneered a new category called Cloud Infrastructure Entitlements Management (CIEM) which automates the detection and remediation of permission gaps in the cloud, between privileges that should be maintained and those that should be modified or revoked. Ermetic provides centralized enforcement of least-privilege policies, on a continuous basis across multi-cloud infrastructures. The solution is delivered as a cloud service and protects organizations from identity and access risks in cloud infrastructures from Amazon (AWS), Google (GCP) and Microsoft Azure.

About TiE50
Now celebrating its tenth year, TiE50 Awards provides a one-of-a-kind showcase for the world’s top technology and technology-enabled startups. TiE Silicon Valley's premier annual awards program is keenly contested by thousands of early- to mid-stage startups of all sizes representing a wide range of verticals. Applications are rigorously reviewed by a panel of judges including venture capitalists, angels, successful entrepreneurs, and corporate executives. Since its inception, 84 percent of TiE50 winners and top startups have been funded at a total of over $1 billion. Many of these companies went on to acquisition or IPO with 29 of the exits at over $100 million.

About TiEcon
TiEcon is the world’s largest conference for entrepreneurs and intrapreneurs with participation from top technology companies, leading venture capital firms, and global service providers. Delegates range from CEOs of top companies to first-time entrepreneurs as well as corporate executives and investment professionals. TiEcon was listed as one of the 10 best conferences for ideas and entrepreneurship by Worth Magazine, along with TED and the World Economic Forum. Previous TiEcon events have attracted 5,000+ attendees from 22 countries. More information: TiEcon.org.

About Ermetic
Ermetic enables enterprises to protect cloud infrastructures (IaaS/PaaS) from access-related risks and misconfigurations by maintaining continuous visibility into identities, their entitlements and data usage. By combining analytics with granular, full stack insight, Ermetic makes it possible to enforce least privilege access at scale even in the most complex cloud environments. The company is led by proven technology entrepreneurs whose previous companies have been acquired by Microsoft, Palo Alto Networks and others. Ermetic has received funding from Accel, Glilot Capital Partners, Norwest Venture Partners and Target Global. Visit us at https://ermetic.com/ and follow us on LinkedIn, Twitter and Facebook.