Venture Capital News: Permit.io Announces $8M Series A Round
2024-02-15
NEW YORK, NY, Permit.io, the full-stack authorization-as-a-service provider, today announced it has raised $8 million in Series A funding.
The round was led by Scale Venture Partners, along with NFX, Verissimo Ventures, Roosh Ventures, Firestreak, 92712, and other existing investors, to ensure application developers never have to build permissions again. Scale Partner Eric Anderson will join the company's board of directors. In addition to funding, the company also unveiled Permit.io Approval Flows to enable enterprises to handle increasingly complex authorizations for access to data, including for AI bots and agents.
Permit.io enables developers to bake-in permissions and access control into any product in minutes. Created on strong open source foundations, the platform builds on top of OPA+OPAL as a service, providing the API and UI access-control interfaces that make it simple to shift security left. Permit.io was founded by former engineers from Facebook, Microsoft, and Rookout, with its tech already in use by industry leaders like Accenture, Cisco, Tesla, and others.
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