Anetac, a startup headquartered in Los Altos, California, specializing in safeguarding businesses against service account blind spots in hybrid environments, secured $16 million in investment.
The funding round was spearheaded by Liberty Global, with contributions from Shield Capital, The General Partnership, Anetac’s CEO Tim Eades, and Jason Witty.
The company plans to utilize the capital to enhance its service offerings, catering specifically to the evolving security requirements of today’s threat landscape.
Established in 2023 and under the leadership of CEO Tim Eades, Anetac offers a dynamic identity and security platform. This platform provides continuous visibility into the constantly shifting service account landscape that organizations face today. Through its streaming approach, Anetac dynamically tackles identity issues, bolstering organizations’ security stance. Particularly designed for hybrid environments, the solution ensures real-time visibility, empowering users to detect, monitor, and respond to potential threats exploited via service accounts.
Tim Eades commented on the development, stating, “We are addressing the concerning lack of security protocols surrounding service accounts. Our innovative platform, now available, offers a proactive solution by bridging the gap left by static scanning tools with a dynamic, streaming approach, ultimately enhancing organizational security postures.”
