BalkanID announced $5.75 million in seed funding and the launch of its artificial intelligence (AI)-powered Identity Governance and Administration (IGA) solution.

BalkanID was founded by Subbu Rama, serial entrepreneur and previously co-founder at Bitfusion (acquired by VMware); Jeremy Patton, former engineering leader at Bitfusion and Sameer Sait, former CISO at Amazon/Whole Foods Market.

The company's seed investors are Uncommon Capital, Afore Capital, Sure Ventures and prominent technology executives including Rishi Bhargava, co-founder of Demisto (acquired by Palo Alto Networks); Ely Kahn, co-founder of Sqrrl (acquired by Amazon); John N. Stewart of Talons Ventures, former SVP, Chief Security and Trust Officer at Cisco; Clark Golestani, former EVP and CIO at Merck; Pat Condon, co-founder of Rackspace and Vivek Sodera, co-founder of Superhuman.