Permit.io, a full-stack authorization-as- a-service provider, announced it has raised $8 million in Series A funding, with the ultimate goal of ensuring application developers never have to build permissions again.
The funding round was led by Scale Venture Partners, along with NFX, Verissimo Ventures, Roosh Ventures, Firestreak, 92712, and other existing investors. Scale Partner Eric Anderson will join the company’s board of directors.
In addition to the 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.
As cloud-native apps have become the norm, every app now requires fine-grained authorization. This locks developers in a loop of repetitive operational tasks instead of working on core features, while companies require more engineering resources just to deal with permissions, according to the vendor.
Permit.io addresses this problem, saving companies millions of dollars each year. The company has already signed deals with more than 20 organizations, including industry leaders like Schneider Electric, SignifyHealth (part of CVS), and Salt Security, with hundreds of thousands of authorized users, growing into millions.
“Our no-code, future-proof solution removes the need for dedicated headcount, maintenance, and compute power for setting up authorization across applications; it is unlike anything on the market today,” said Or Weis, co-founder and CEO of Permit.io. “With this funding, we will be able to rapidly scale to meet demand, including building out a sales presence in the U.S., as well as double down on the unique interfaces Permit is known for.”
Permit.io Approval Flows is an all-encompassing solution for development teams who want to add secure access approval flows to their applications, particularly as AI agents take on a more prominent role.
Permit.io Approval Flows features:
- End-to-end flow management with UI and code interfaces.
- Customizable components for embedding in UI applications.
- Comprehensive audit logs of flow configuration and authorization checks.
- Compatibility with any authentication and identity provider.
- Works seamlessly with principals who are non-native users.
- Support seamless implementation of Fine-grained authorization.
- Fully managed communication and collaboration aspects across invitation flow.
Permit.io Approval Flows extend the sophisticated permissions platform. With the Permit.io platform, developers can easily integrate SDKs and APIs for embedding authorization layers efficiently, allowing them to focus on developing core features, while non-technical users benefit from a no-code, user-friendly interface for configuring precise authorization, according to the company.
Permit.io Approval Flows is available now for early access.
For more information about this news, visit www.permit.io.