PlainID Ltd.

PlainID Ltd. offers a sophisticated platform for enterprise-level Authorization through Policy-Based Access Control (PBAC), effectively managing identity security and access control across various applications and data. PlainID Ltd. , founded in 2014 by Dmitry Tuchinsky and Gal Helemski, operates from its headquarters in Tel Aviv-Yafo, Israel.

The company specializes in advanced authorization solutions and has secured a total of USD 75. 00 mn from its funding rounds, including a Series C round led by Insight Partners in December 2021. PlainID, targeting enterprise clients, has executed 5 deals to date, highlighting its growth in the enterprise software market. PlainID offers a comprehensive platform tailored for enterprise-level Authorization, focusing on Policy-Based Access Control (PBAC) to tackle intricate identity security challenges.

Their core product enables organizations to discover, manage, and authorize access control policies across various applications and data. By utilizing dynamic, risk-based authorization, PlainID enhances identity security and ensures consistent policy management, serving clients in sectors such as financial services, healthcare, retail, and technology across North America, Europe, and Asia. PlainID operates on a subscription-based revenue model, primarily targeting enterprise clients through direct partnerships. Different pricing tiers align with the scope of services and user numbers, allowing organizations to customize their access control solutions.

Their offerings include the Authorization Learning Hub and the Integration Hub, enabling seamless integrations and risk management. Contracts typically involve annual or multi-year terms, with clients such as Cisco reflecting the company's footprint in the enterprise software market. Following its Series C funding round of USD 75 mn in December 2021, PlainID plans to leverage the capital to accelerate product development and enhance its Go-To-Market strategy. The company aims to introduce new products to meet evolving security challenges, while also expanding its reach into additional global markets, specifically targeting regions in Asia and Europe by 2023.