Announcing Our Investment In Common Fate

We’re excited to announce we led the investment in Common Fate’s $3.1M Seed round, alongside Haystack and Essence VC.

As more infrastructure and responsibility gets abstracted away in the cloud, identity permissions are becoming increasingly important. But cloud identity and access management (IAM) is incredibly hard. Teams must balance the risk of attacks with the threat of slowing down the business, endless combinations of AWS permissions, and an ever-expanding enterprise footprint.

Common Fate’s developer-first cloud IAM platform simplifies and automates access controls of cloud infrastructure and critical applications, while ensuring security best practices. With Common Fate, developers can request and assume roles, admins can approve and manage access, and security teams can enforce policies, audit actions, and remediate misconfigurations.

Australia-based founders Fraser Ricupero and Chris Norman felt the frustrations of IAM firsthand previously running a cloud consulting business. Since then, they’ve been building open source projects to fix the problem and after phenomenal traction, they started Common Fate.

Congratulations to the entire team!

Check out more coverage about the team and what they’re building in TechCrunch!