Cybersecurity startup Aembit grabs $16.6m seed

• Ten Eleven Ventures invests in cybersecurity companies
• Since its inception, Ten Eleven Ventures has raised over $1 billion and made over 40 cybersecurity investments
• Ballistic Ventures’s portfolio companies include Abnormal Security, AlienVault, Arbitrum (Offchain Labs), ArcSight, Arkose Labs, Fortify, Interos, ISS, Mandiant, and Shape Security

Silver Spring, Maryland-based cybersecurity startup Aembit has raised $16.6 million in seed financing.

The investors were Ballistic Ventures and Ten Eleven Ventures.

“At Ten Eleven, we’re always looking for innovations that can make cybersecurity implementation more seamless and comprehensive for organizations,” said Mark Hatfield, co-founder and general partner at Ten Eleven Ventures, in a statement. “Identity is now understood to be foundational for securing human access, and now is the time to use Identity to secure non-human access too. The Aembit founders are the team most uniquely suited to solving this important challenge. We can’t wait to see them grow their product and company over the next few years.”

Ten Eleven Ventures invests in cybersecurity companies. Since its inception, Ten Eleven Ventures has raised over $1 billion and made over 40 cybersecurity investments across stages worldwide. The venture firm’s portfolio companies include KnowBe4, Darktrace, Axis Security, Twistlock, Verodin, Cylance, and Ping Identity.

Ballistic Ventures backs early-stage cybersecurity and cyber-related companies. The venture firm has funded over 90 cybersecurity firms – including Abnormal Security, AlienVault, Arbitrum (Offchain Labs), ArcSight, Arkose Labs, Fortify, Interos, ISS, Mandiant, and Shape Security.