Procyon, the industry's first Privilege Access Management platform built for multi-cloud environments, today announced a $6.5 million equity financing to help organizations harness the growing identity and access management sprawl in cloud environments. The new investment was led by Lobby Capital with participation from GTM Capital and First Rays Venture Partners. This funding comes as Procyon, which already counts Fortune 100 companies among its early adopters, releases the industry's first privilege access management solution built from the ground up for cloud native environments.

Procyon's Privilege Access Management solution, built from the ground up for multi-cloud and API based infrastructure, makes it easy for enterprises to manage privileges and access to critical resources. The Procyon solution leverages next generation networking, passwordless, and self-service capabilities to provide a seamless and secure solution.