Permit.io, a company focused on eliminating the need for application developers to build permissions, has successfully raised $8 million in Series A funding. This funding was led by Scale Venture Partners, with participation from NFX, Verissimo Ventures, Roosh Ventures, Firestreak, 92712, and other existing investors. The goal of this investment is to ensure that application developers never have to build permissions again.
As part of the Series A funding, Scale Partner Eric Anderson will join the company’s board of directors. In addition to the funding, Permit.io also announced the introduction of Permit.io Approval Flows. This new offering is designed to enable enterprises to handle increasingly complex authorizations for access to data, including for AI bots and agents.
According to Eric Anderson, Partner at Scale Venture Partners, “Permit fits a hole in the broader identity market we’ve been tracking for a long time. We like startups that build engineering services typically found only in big tech companies and offer them to everyone else. The Permit team has built a full stack solution that we’re excited to support and help grow.”
The increasing prevalence of cloud-native apps has made fine-grained authorization a necessity for every app. This has led to developers being locked in a loop of repetitive operational tasks rather than focusing on core features, while companies require more engineering resources to deal with permissions. Permit.io aims to address this problem and save companies millions of dollars each year.
The company has already secured deals with more than 20 companies, including industry leaders such as Schneider Electric, SignifyHealth (part of CVS), and Salt Security, with hundreds of thousands of authorized users, growing into millions.
Or Weis, CEO of Permit.io, stated, “Our no-code, future-proof solution removes the need for dedicated headcount, maintenance, and compute power for setting up authorization across applications; it is unlike anything on the market today. With this funding, we will be able to rapidly scale to meet demand, including building out a sales presence in the U.S., as well as double down on the unique interfaces Permit is known for.”
The introduction of Permit.io Approval Flows comes at a crucial time as companies face new authorization requirements at an average rate of every 4.5 months, requiring significant investment in engineering time. This becomes even more complex as AI agents increasingly act on behalf of human users.
The new offering from Permit.io, Approval Flows, comes with a range of features including end-to-end flow management with UI and code interfaces, customizable components for embedding in UI applications, comprehensive audit logs of flow configuration and authorization checks, seamless compatibility with any authentication and identity provider, an intuitive interface for non-native users, implementation support for fine-grained authorization, and fully managed communication and collaboration aspects across invitation flow.
The platform also enables developers to integrate SDKs and APIs for embedding authorization layers efficiently, allowing them to focus on developing core features, while non-technical users benefit from a no-code, user-friendly interface for configuring precise authorization.
According to Malcolm Learner, Senior Solution Architect at Signify Health (part of CVS), “Permit.io is a well-designed authorization platform based on open standards that we didn’t have to design ourselves, which has been tremendously helpful.”
Permit.io Approval Flows is now available for early access, offering a new and innovative solution for companies looking to streamline their authorization processes.