The funding round was led by New York-based Insight Partners, with participation from all previous investors, including Itai Tsiddon and Viola Ventures.

Founded in 2014, the Tel Aviv-based PlainID provides organizations with a policy-based authorization solution that seeks to bring together IAM and cybersecurity with a real-time decision engine, all in a single, intuitive interface.

According to PlainID, its Policy-Based Access Control (PBAC) technology can solve the challenges that businesses face when implementing IAM in their environments.