accSenSe Raises $5 Million For Continuous Access and Business Continuity Platform for IAM Solutions

Surge in data breaches, human error and insider threats validates the need for organizations to make their IAM solutions more resilient

TEL AVIV, Israel, Jan. 17, 2023 /PRNewswire-PRWeb/ -- accSenSe, the first and only enterprise ready business continuity platform for Okta, today announced that it has raised $5 million in seed funding. Joule Ventures, a US-based partner-only seed fund led the round, which included participation from Gefen Capital, Fusion, and independent investors. accSenSe will use the funding to expand to other IAM vendors and to accelerate new market expansion and hiring.

Recent high-profile data breaches, human error and insider threats plaguing Okta and other end user authentication solutions has shined a spotlight on the gap in IAM that exists between disaster recovery and business continuity. accSenSe, founded in 2020 by Dell EMC veterans, closes this gap by helping organizations maintain secure access to critical SaaS applications following any cyberattack or misconfiguration.

"In today's threat landscape, Cloud Identity Access Management systems are highly vulnerable to security breaches, human error and insider threats," said Muli Motola, accSenSe's co-founder and CEO. "It is our mission to ensure that every IAM solution has optimal accessibility, maximum uptime and next-level operational efficiency. Thanks to our investors, we can accelerate our journey to ensure organizations have the secure access to critical SaaS applications they need for access and business continuity."

The Need for IAM Resilience
According to IDC, 83% of companies encountered an access-related breach in 2021. Yet, most Identity Access Management systems don't provide out-of-the-box backup and disaster recovery features or options. The accSenSe platform is designed to make systems secure and resilient, with features such as:

• One-click FULL tenant recovery
• Fail-over access to a secondary tenant
• Identify and investigate changes between different PiTs (Points in Time)
• Low RTO and RPO ~10 mins
• Infinite retention

The accSenSe Platform provides an air-gapped, reliable architecture. This enables organizations to protect their data assets and ensure business continuity, even in the face of sophisticated attacks.

"accSenSe's business continuity solution for Okta is changing how organizations think about disaster planning and recovery," said Brian Rosenzweig, co-founder and partner at Joule Ventures. "With technology built to harden systems, mitigate downtime, and reduce costs, we're extremely bullish on accSenSe's potential to break into the mainstream cybersecurity market and become an essential solution for organizations of all sizes."

Earlier this year, accSenSe was recognized as a Gartner Cool Vendor in Identity-First Security.

For more information on accSenSe, visit accsense.io and follow them on social media.

About accSenSe
Hailing out of Tel Aviv, Israel, the team at accSenSe, former EMC veterans have been exposed to the most challenging IT and security ecosystems in the world. Our mission is to protect and recover critical IAM systems with our state-of-the-art continuous access and business continuity platform. We provide Okta customers with both workforce and customer IAM needs with a single platform for continuous protection and real-time access management. The accSenSe platform is designed to make your IAM system resilient, with features such as one-click recovery, constant verification of backed-up data, periodic testing for keeping the backup up-to-date and the ability to identify changes between different PiTs (Points in Time).

About Joule Ventures
Joule Ventures is a U.S.-based partner-only seed fund providing best-in-class structural and commercialization support to Israel's most compelling enterprise-focused entrepreneurs. Our dedication to founders is evident in the efficiency of our operations, the value we deliver starting well before the investment, and our commitment to day one relationship building between key stakeholders. In an increasingly transactional market, we remain a steadfast people-first, principles-driven investor.Via our presence in Tel Aviv, New York, and Atlanta we bring to bear a vast network of corporate and financial decision-makers willing to partner with dynamic products and platforms aimed at digitizing legacy industries, securing ever-expanding networks and devices, and providing decision-makers with better operational intelligence.

Media Contact

Brendon Rod, accSenSe, 1 4702326639, [email protected]

SOURCE accSenSe