Canadian Security Firm 1Password Buys Apono

Apono was founded by entrepreneurs Rom Carmel and Ofir Stein and specializes in just-in-time access management, which helps companies provide secure access to systems only when needed.

As part of the acquisition, 1Password plans to establish a development center in Israel. The new center will initially employ more than 50 people, with plans to hire additional employees in the future.

Apono has developed a security platform that helps companies manage access to cloud applications and databases.

Its technology gives employees and applications only the access they need to complete a specific task and only for the amount of time required. This approach helps improve security by reducing unnecessary permissions and limiting the risk of unauthorized access.

The company serves dozens of customers in the United States, including several Fortune 500 companies as well as technology and insurance firms in the US, Europe, and Israel. Some of its customers include OpenWeb, Bloomreach, and HPE.

Apono was founded in 2022 by CEO Rom Carmel and CTO Ofir Stein. The two founders have worked together in the DevOps and cybersecurity industries for more than 20 years.

Before starting Apono, Carmel held research and development leadership roles in the Cyber Division of the Prime Minister's Office, where he gained extensive experience in enterprise data security. Stein served as an officer in the Israeli Air Force's Ofek unit and later became one of the first developers at Logz.io, where he helped build one of the company's key products.

Through their work, Carmel and Stein saw how many organizations struggled with excessive user permissions, which can create serious security risks. To address this problem, they founded Apono and developed a platform that helps companies manage access permissions more precisely and securely.

Read Also- SolarSquar Raises $53 Mn in Series C Round led by B Capital