accSenSe, the enterprise ready business continuity platform for Okta, has 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, says accSenSe. Founded in 2020 by Dell EMC veterans, the company ‘closes this gap by helping organizations maintain secure access to critical SaaS applications following any cyber attack 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.”