Remediant lands $15M Series A to disrupt privileged access security
Remediant, a startup that helps companies secure privileged access in a modern context, announced a $15 million Series A today led by Dell Technologies Capital and ForgePoint Capital.
Remediant’s co-founders, Paul Lanzi and Tim Keeler, worked in biotech for years and saw a problem first-hand with the way companies secured privileged access. It was granted to certain individuals in the organization carte blanche, and they believed if you could limit access, it would make the space more secure and less vulnerable to hackers.
Lanzi says they started the company with two core concepts. “The first concept is the ability to assess or detect all of the places where privileged accounts exist and what systems they have access to. The second concept is to strip away all of the privileged access from all of those accounts and grant it back on a just-in-time basis,” Lanzi explained.
If you’re thinking that could get in the way of people who need access to do their jobs, as former IT admins, they considered that. Remediant is based a Zero Trust model where you have to prove you have the right to access the privileged area. But they do provide a reasonable baseline amount