- Permit.io, the full-stack authorization-as- a-service provider, announced it has raised $8 million Series A.
- The series is led by Scale Venture Partners, along with NFX, Verissimo Ventures, Ukrainian-based Roosh Ventures, Firestreak, 92712, and other existing investors
- The company also unveiled its Permit.io Approval Flows that enables 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.
Permit.io addresses this problem and enables companies to save millions of dollars each year. The company has already signed deals with more than 20 companies, 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, CEO of Permit.io
“Permit fits a hole in the broader identity market we’ve been tracking for a long time,” said Eric Anderson, Partner at Scale Venture Partners. “We like startups that build engineering services typically found only in big tech companies and offer them to everyone else. The Permit team has built a full stack solution that we’re excited to support and help grow.”
The company will now use the funding 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.
New solution for new frontiers
Companies face new authorization requirements at an average rate of every 4.5 months, requiring an average investment of five months of engineering time from four engineers per application. As they are already struggling to maintain access control for human users, it becomes even more complicated as AI agents increasingly act on their behalf.
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.
With developer time and velocity in mind, Permit.io combines policy-as-graph and policy-as-code approaches in a simple UI. On top of that, it also provides a set of components– Permit.io Elements– that help developers save precious time in implementing authorization in their front-end applications.
