Silicon Valley-based IAM startup Stack Identity has emerged from stealth mode after raising a $4M seed round co-led by WestWave Capital and Benhamou Global Ventures. The company specializes in solutions that help customers protect critical and sensitive data stored in the cloud.
- Stack Identity aims to address the issue of shadow access by removing IAM blindspots.
- Shadow access is defined as unauthorized, invisible, or unmonitored access to cloud data, applications, and software caused by toxic combinations of identities and permissions to breach cloud environments and exfiltrate data.
- According to the company website , Stack Identity finds and fixes operational risks, automates governance and compliance, and secures cloud data.
- The startup’s patent-pending Breach Prediction Index (BPI) algorithm purports to reduce the risk of cloud vulnerabilities while improving IAM audits, compliance, and governance.