Apono has completed a $34m Series B funding round led by USVP, with backing from Swisscom Ventures, Vertex Ventures, 33N Ventures, and existing investors.
The round brings the company’s total funding to more than $54m, following a year in which it achieved a fourfold increase in its client base.
The company said the new raise comes in response to accelerating enterprise demand for access solutions capable of addressing the rise of human and AI identities working side by side. Organisations are facing an explosion of cloud permissions, and traditional static access models no longer offer the flexibility or security required as agentic systems proliferate.
Apono helps enterprises eliminate standing privileges—long considered a key vulnerability in identity and access management—through its cloud-native platform built on Just-in-Time (JIT) and Just-Enough-Access (JEA) models. Its dynamic permissioning engine grants and revokes access automatically based on real-time context and business logic, enabling teams to work efficiently without increasing security risk.
The new product capabilities will continue to evolve as Apono expands its vision for managing the complex web of interactions between humans, machines, and AI agents. The company’s real-time request validation and automation features are designed to reduce operational bottlenecks, strengthen compliance, and speed up incident response across hybrid and multi-cloud environments.
Customers including Intel, Hewlett Packard Enterprise, and Monday.com rely on Apono to maintain secure access while meeting stringent regulatory requirements. The company also expects to benefit from strengthened board governance as Jacques Benkoski, general partner at USVP, joins its board. Benkoski has previously supported the growth of prominent cybersecurity firms such as Trusteer, Medigate, and Kenna Security.
Apono confirmed that the fresh capital will be used to accelerate development of its AI-powered access intelligence and policy automation tools. The company will also expand go-to-market activities in the U.S. and selected international regions, while scaling engineering and sales teams to meet rising enterprise demand.
Rom Carmel, co-founder and CEO of Apono, said, “The large-scale adoption of AI agents exponentially scales the problem of getting access right. Achieving ZSP with a dynamic access management approach is the only sustainable way to secure Agentic operations at scale.”
Jacques Benkoski, general partner at USVP, said, “Apono is leading the next evolution of identity security – one that brings zero trust to identity access, following the zero trust of network access we’ve seen in recent years. The company’s dynamic, context-aware approach is exactly what enterprises need to secure both human and machine identities in the AI-driven era.”
Recently, TMT ID, a company that helps global organisations verify users and prevent fraud, secured a £30m investment from BGF.
The funding marks a major step for the firm as it looks to scale its technology and strengthen its role in tackling cybercrime and digital identity risks.
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