PALO ALTO, Calif. and TEL AVIV--(BUSINESS WIRE)--Ermetic, the cloud infrastructure security company, today announced it was selected as a SINET16 Innovator Award winner for 2021. The annual SINET16 awards recognize the most innovative and compelling technologies that address cybersecurity threats and vulnerabilities.
Ermetic was selected from a pool of 190 applications from 18 countries, following two rounds of evaluation by the SINET Judging Committee composed of 117 private and government security professionals including leading risk executives, experts in government intelligence and defense agencies, venture capitalists, and investment bankers.
A recent IDC survey found that 98% of organizations experienced a cloud data breach in the past 18 months, compared to 79% last year. The Ermetic Platform combines cloud infrastructure entitlement management (CIEM) and cloud security posture management (CSPM) in one unified, identity-first product. This allows customers to automate and centralize the detection and remediation of security risks associated with over privileged identities as well as misconfigurations that can expose cloud assets to data breaches.
“The SINET16 Innovator Award is one of the most coveted and respected recognitions in the security industry,” said Shai Morag, CEO of Ermetic. “We are honored to have been selected by a judging committee of practitioners, peers and venture capitalists for the advancements we are delivering in cloud security.”
“Congratulations to Ermetic for being selected as one of this year's SINET16 Innovators,” said Robert D. Rodriguez, Chairman of SINET. “This year’s class of winners are emerging as leaders in their field, and paving the way for critical security advancements into multiple government agencies and industry sectors.”
Ermetic was selected based on cumulative scoring associated with:
- The urgency in the marketplace for their products and solutions
- How innovative and unique their solutions are
- How well their products and technologies solve real and significant cybersecurity problems
- What advantages exist over other solutions
- The companies’ ability to succeed based on the state of their product, capital, and leadership
Ermetic helps prevent breaches by reducing the attack surface of cloud infrastructure and enforcing least privilege at scale in the most complex environments. The Ermetic SaaS platform is an identity-first security solution that provides holistic, multicloud protection using advanced analytics to continuously analyze and remediate risks associated with permissions, configurations and behavior across the full cloud infrastructure stack. 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.