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Angel Investor (Individual)

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Investments

1

Portfolio Exits

1

About Eran Barak

Eran Barak is the CEO of Barak Wealth Management and co-founder of Hexadite.

Eran Barak Headquarter Location

Herzliya,

Israel

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Latest Eran Barak News

Build.security raises $6M for its authorization policy management platform

Nov 18, 2020

Build.security, a Tel Aviv and Sunnyvale-based startup that aims to make it easier for developers to bake authorization policy management right into their applications, today announced a $6 million seed funding round led by cybersecurity-centric firm YL Ventures . CrowdStrike CEO and co-founder George Kurtz also participated in this round, in addition to former Zscaler CISO Michael Sutton, former Bank of America Chief Security Scientist Sounil Yu, Fireglass co-founder Dan Amiga, Cynet CEO and co-founder Eyal Gruner and Hexadite co-founder Eran Barak. That’s an impressive group of angels who clearly believe that build.security is solving an important problem in the industry. Founded by Amit Kanfer (CEO) and Dekel Braunstein (CTO), who have previous experience at Intel, Fireglass, Symantec, Cymmetria and other companies, the company wants to build the “first true platform for authorization” for developers — it’s basically policy-as-code, somewhat similar to how the likes of Pulumi and others are delivering on the promise of “infrastructure-as-code.” In addition to using code to declare policies, though, build.security also offers a drag-and-drop user experience. At the core of build.security is an open-source project: Open Policy Agent , first developed by Styra. Image Credits: build.security At first glance, “authorization policy management” may not sound like the most exciting problem to solve. Authorization — unlike authentication — remains a problem that is mostly unsolved, though, and there are few enterprise-ready services available. That means developers — who are increasingly tasked with managing the security of their applications — are using a mix of policy engines and other tools which inevitably leads to errors and potential vulnerabilities. “Authorization remains a big challenge for engineering teams,” Kanfer told me. “It’s a big challenge, because, taking into account attributes on identities, resources and context — and then combining all of them together into a concise policy that’s easily managed and scaled — that’s a pretty mind-blowing task. Just to model the hierarchies and the roles and permissions and relationships between them. It’s not an easy task.” And as Kanfer also noted, as enterprises move to a microservices model for their application development, the complexity here only increases. Today’s solutions, however, aren’t flexible enough to solve this problem. “The list of permissions can change according to multiple factors,” he explained. “It could be identity, the time of the day, working from home or from the office. Is it a trusted device? Is it a workday or weekend? What is the relationship between you and the resource?” Image Credits: build.security The company offers its service both as a cloud service and on-premises solution. Currently, the company’s focus is on containers and the company uses a Kubernetes sidecar container that fetches the configurations and policies from the build.security control plane. The company offers SDKs and plugins for many popular programming languages and frameworks (think Python, Node.js and .NET). The service integrates with all of your standard identity providers and other API-based services. “Build.security’s innovation is an incredible win for the developer community — they’ve made authorization easy,” said John Brennan, partner at YL Ventures and build.security board member. “We’re excited by Amit and Dekel’s unique plug-and-play approach to API and function-level authorization, as well as the breadth of visibility their control plane offers. Their approach will enable developers and enterprises to build secure software at scale.”

Eran Barak Investments

1 Investments

Eran Barak has made 1 investments. Their latest investment was in build.security as part of their Seed VC on November 11, 2020.

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Eran Barak Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/18/2020

Seed VC

build.security

$6M

Yes

3

Date

11/18/2020

Round

Seed VC

Company

build.security

Amount

$6M

New?

Yes

Co-Investors

Sources

3

Eran Barak Portfolio Exits

1 Portfolio Exit

Eran Barak has 1 portfolio exit. Their latest portfolio exit was build.security on August 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/23/2021

Acquired

5

Date

8/23/2021

Exit

Acquired

Companies

Valuation

Acquirer

Sources

5

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