The world’s most valuable privileged access startups
Companies whose main business is controlling, securing and auditing privileged access: vaults for administrator credentials and session recording, endpoint privilege management, just-in-time access to servers, databases, Kubernetes and cloud consoles, secrets management for machine credentials and API keys, and secure remote access to industrial systems. Ranked worldwide by AI-estimated valuation. The market sets the value; AI models estimate it.
Key metrics for this segment: key milestone. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.
Not in this segment. Bought: CyberArk (Palo Alto Networks, 2026), StrongDM (Delinea, 2026), Entitle (BeyondTrust), Border0 (Tailscale), Axiom Security (Okta), Xton (Imprivata), Remediant (Netwrix), Osirium (SailPoint), Bravura Security (Volaris). Owned by private-equity funds: BeyondTrust (Francisco Partners), Delinea (TPG, formed by merging Thycotic and Centrify), One Identity (Clearlake). No outside equity found: ARCON, Admin By Request, Syteca, Devolutions. In Identity management: Keeper Security, Silverfort, Opal Security, ConductorOne, Saviynt, Aembit and 1Password, which also sell privileged access products. Netwrix, Heimdal, Imprivata and FIT2CLOUD sell much broader portfolios. A company appears in one segment only. Method
Rankings by region
Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: Asia · Europe · Latin America & Caribbean · Middle East & North Africa · North America · Oceania.Global ranking · Privileged access
This ranking shows the startups as they stood on 23 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 21 Jan 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
World · 18 ranked companies
| # | Company | Last round · Key metrics | Estimated valuation (AI) · range | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
|---|---|---|---|---|---|
| 1 | TeleportProvides an identity-based access platform that gives engineers and AI agents just-in-time, audited access to servers, Kubernetes clusters, databases, cloud consoles and internal applications. | Series C · USD 110M · May 2022Key metrics not disclosed | Last known equity round: Series C · USD 110M · May 2022 (Bessemer Venture Partners; Insight Partners, Kleiner Perkins, S28 Capital); USD 169M raised in totalMethod | Be the first | Back |
| 2 | AkeylessProvides a SaaS secrets management platform that stores, rotates and injects credentials, API keys, certificates and encryption keys for machines and DevOps pipelines across hybrid and multi-cloud environments. | Series B · USD 65M · Nov 2022Key metrics not disclosed | Last known equity round: Series B · USD 65M · Nov 2022 (NGP Capital; Team8, Jerusalem Venture Partners); USD 80M raised in totalMethod | Be the first | Back |
| 3 | CyoloProvides secure remote privileged access for operational technology and industrial sites, letting employees and third-party vendors reach critical systems with identity verification, supervision and session recording. | Series B · USD 60M · Jun 2022Key metrics not disclosed | Last known equity round: Series B · USD 60M · Jun 2022 (National Grid Partners)Method | Be the first | Back |
| 4 | AponoProvides a cloud access platform that automates just-in-time, least-privilege permissions for engineers, service accounts and AI agents across cloud infrastructure, databases and SaaS. | Series B · USD 34M · Nov 2025Key metrics not disclosed | Last known equity round: Series B · USD 34M · Nov 2025 (USVP; 33N, Swisscom Ventures, Vertex Ventures); Over USD 54M raised in totalMethod | Be the first | Back |
| — | WallixListed · Euronext Growth Paris · ALLIX | USD 170MMarket cap · Oct 2026Listed company · not ranked | |||
| 5 | Venice SecurityProvides an agentless privileged access management platform that discovers identities and entitlements across cloud, on-premises and SaaS and grants privileged access only when needed. | Series A · USD 25M · Feb 2026Key metrics not disclosed | Last known equity round: Series A · USD 25M · Feb 2026 (IVP; Index Ventures, Vine Ventures, Holly Ventures); USD 33M raised in total, including an USD 8M seedMethod | Be the first | Back |
| 6 | BritiveProvides a cloud privileged access platform that grants just-in-time, ephemeral permissions to humans and machine identities across AWS, Azure, Google Cloud, SaaS and Kubernetes, with zero standing privileges. | Series B · USD 20.5M · Mar 2023Key metrics not disclosed | Last known equity round: Series B · USD 20.5M · Mar 2023 (Pelion Venture Partners; Crosslink Capital, Liberty Global Ventures, One Way Ventures)Method | Be the first | Back |
| 7 | Xage SecurityProvides zero-trust access and protection for operational technology, giving operators and vendors identity-based remote privileged access to industrial assets in energy, utilities, defence and manufacturing. | Funding round · USD 20M · Nov 2023Key metrics not disclosed | Last known equity round: Funding round · USD 20M · Nov 2023 (SAIC; Chevron Technology Ventures, Piva Capital, March Capital, Valor Equity Partners); USD 80M raised in totalMethod | Be the first | Back |
| 8 | DopplerProvides a hosted secrets manager that centralises and syncs environment variables, API keys and credentials across developer machines, CI/CD pipelines and cloud platforms. | Series A · USD 20M · Apr 2022About 16,000 organisations using the product · Apr 2022 | Last known equity round: Series A · USD 20M · Apr 2022 (CRV; GV, Sequoia Capital, Y Combinator)Method | Be the first | Back |
| 9 | InfisicalProvides an open-source secrets management platform that stores, syncs and rotates API keys, credentials and certificates for engineering teams and applications, with privileged access features. | Series A · USD 16M · Jun 2025Revenue up 20x in a year; cash-flow positive · Jun 2025 | Last known equity round: Series A · USD 16M · Jun 2025 (Elad Gil; Y Combinator, Gradient, Dynamic Fund)Method | Be the first | Back |
| 10 | P0 SecurityProvides a privileged access governance platform that grants just-in-time, short-lived access to cloud infrastructure, Kubernetes and databases and inventories standing privileges of human and machine identities. | Series A · USD 15M · Sep 2024Key metrics not disclosed | Last known equity round: Series A · USD 15M · Sep 2024 (SYN Ventures; Zscaler, Lightspeed); USD 20M raised in totalMethod | Be the first | Back |
| 11 | SeguraDevelops a privileged access management platform with credential vaulting, session recording, endpoint privilege control and DevOps secrets management, sold to enterprises in Latin America, Europe and the Middle East. | Series A · USD 13M · Aug 2022Key metrics not disclosed | Last known equity round: Series A · USD 13M · Aug 2022 (Graphene Ventures); Raised under its former name, senhaseguraMethod | Be the first | Back |
| — | KronListed · Borsa Istanbul · KRONT | USD 65MMarket cap · Oct 2026Listed company · not ranked | |||
| 12 | SecurdenSells a unified privileged access management suite with password vaulting, remote session management and endpoint privilege management, aimed at mid-market and large enterprises mainly in the United States. | Series A · USD 10.5M · Apr 2022Key metrics not disclosed | Last known equity round: Series A · USD 10.5M · Apr 2022 (Tiger Global; Together Fund, Accel)Method | Be the first | Back |
| 13 | Fudo SecurityBuilds privileged access management software that records and monitors administrator and third-party sessions, manages credentials and uses AI to detect anomalous behaviour, for enterprises and public bodies. | Series A · USD 10M · Jan 2025Key metrics not disclosed | Last known equity round: Series A · USD 10M · Jan 2025 (bValue Growth); PLN 40MMethod | Be the first | Back |
| 14 | SymProvides a just-in-time access and security workflow platform letting engineering teams request, approve and automatically revoke temporary access to infrastructure through Slack and infrastructure-as-code. | Series A · USD 9M · Oct 2020Key metrics not disclosed | Last known equity round: Series A · USD 9M · Oct 2020 (Amplify Partners; Uncork Capital)Method | Be the first | Back |
| 15 | ProcyonProvides a cloud-native privileged access management platform that issues short-lived, device-bound credentials for just-in-time access to multi-cloud infrastructure. | Funding round · USD 6.5M · Feb 2023Key metrics not disclosed | Last known equity round: Funding round · USD 6.5M · Feb 2023 (Lobby Capital; GTM Capital, First Rays Venture Partners)Method | Be the first | Back |
| 16 | TrustleProvides a cloud access management platform that grants just-in-time, time-limited permissions across cloud and SaaS systems and removes unused privileges. | Seed · USD 6M · Apr 2023Key metrics not disclosed | Last known equity round: Seed · USD 6M · Apr 2023 (Glasswing Ventures; FUSE, Correlation Ventures, Capital Technology Ventures)Method | Be the first | Back |
| 17 | FormalProvides a protocol-aware reverse proxy that controls, masks and logs access by humans, applications and AI agents to databases, servers and internal applications. | Seed · USD 5.8M · Dec 2023Key metrics not disclosed | Last known equity round: Seed · USD 5.8M · Dec 2023 (Thrive Capital; Y Combinator, Abstract Ventures, Kima Ventures)Method | Be the first | Back |
| 18 | Common FateProvides an open-source-rooted just-in-time access platform that lets cloud teams request and approve temporary elevated permissions to AWS, Google Cloud, Azure and other resources. | Seed · USD 3.1M · Dec 2022Key metrics not disclosed | Last known equity round: Seed · USD 3.1M · Dec 2022 (Work-Bench; Haystack, Essence VC)Method | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
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How to read this ranking
Rank
Companies are ranked by AI-estimated valuation, highest first. The market sets the value; AI models estimate it.
Estimate
An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.
- Hundreds of k$
- Millions $
- Tens of M$
- Hundreds of M$
- Unicorn
- Decacorn
- Hectocorn
Challengers
A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call.
- CyberFOX · United States · North AmericaDec 2025; Growth investment of at least USD 100M; amount and equity share not disclosedBack
- hoop.dev · Brazil · Latin America & CaribbeanOct 2025; Amount not disclosedBack
- Andromeda Security · United States · North AmericaJul 2025; Amount not disclosedBack
- Qizhi Technology · China · AsiaJun 2020; Amount not disclosedNot open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers.
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No company on the radar in this region yet.
Listed benchmarks
Not ranked: no intention is possible on a listed company.
Sources and method for this segment
Calendar. Global segment rankings are published twice a year. Next edition: January 21, 2027.
Eligibility. At least $1M raised in equity, non-listed company, main activity in this segment (privileged access). A company appears in one segment only.
Sources. Company announcements, TechCrunch, SecurityWeek, Dark Reading, CTech by Calcalist, Globes, Sifted, Bloomberg, Reuters, 36Kr, and investor announcements.