Aembit is one of Network World’s 7 network security startups to watch for 2024. Its platform aims to secure access between non-human workloads using a policy-based, identity-driven approach.
Aembit at a glance
- Founded: 2021
- What they do: Automate and secure workload identities and access management
- Funding: $18 million
- Headquarters: Silver Spring, Maryland
- CEO: David Goldschlag
- Competitors include: Astrix Security, Oasis Security, Natoma, and Token Security
- Customers include: Snowflake
Why Aembit is a startup to watch
According to research from Fortune Business Insights, the identity and access management (IAM) market is currently worth approximately $18.58 billion and is projected to reach $56.98 billion by 2032. However, Aembit notes that workload identities (applications, scripts, services, etc.) now outnumber human identities by a large margin.
Despite this fact, non-human identities (NHI) typically receive significantly less investment compared to IAM for the workforce. Aembit contends that non-human access is typically secured using static, easily stolen, and often hard-coded credentials. As businesses continue to rapidly adopt cloud technologies and automate processes, enterprises must cope with an exploding number of access requests among workloads, leading to increased complexity and security risks.
