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Ermetic

Palo Alto, California, United States

2024 Revenue

$12.3M

Funding

$134.3M

YOY

3%

Team

61

Founded

2019

How Ermetic CEO Shai Morag grew to $12.3M revenue with a 61 person team in 2024.

Ermetic enables enterprises to protect identities and data in the cloud by powering access policy definition and enforcement at scale.

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Ermetic Revenue

In 2024, Ermetic's revenue reached $12.3M. The company previously reported $12M in 2023. Since its launch in 2019, Ermetic has shown consistent revenue growth.

Ermetic Revenue GrowthReported revenue / ARR over time$0$3M$6M$9M$12M$15M201920202021202220232024$0$10.4M$14.3M$12M$12.3MSource: GetLatka.com
YearMilestoneQuote
2024Ermetic Hit $12.3m revenue in October 2024
2023Ermetic Hit $12m revenue in November 2023
2022Ermetic Hit $14.3m revenue in November 2022
2021Ermetic Hit $10.4m revenue in December 2021
2019Launched with $0 revenue

Ermetic Valuation, Funding Rounds

Ermetic has not publicly disclosed its valuation. The company has raised $134.3M in total funding to date.

Ermetic has raised $134.3M in total funding across 4 rounds, most recently a $100M Venture Round round in 2022.

Ermetic Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$30M$0.4$60M$0.6$90M$0.8$120M$1$150M2019202020212022Source: GetLatka.com
YearRoundAmountValuation% SoldQuote
2022Venture Round$100M--
2021Series B$7M--
2020Series A$17.3M--
2020Seed Round$10M--

Founder / CEO

Shai Morag

CEO

Shai Morag is the co-founder and CEO of Ermetic.

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Customers

We do not have customer count information for Ermetic yet.

Ermetic Employees & Team Size

Ermetic employs approximately 61 people as of 2026, down from 86 in 2023, including 57 sales reps that carry a quota.

Ermetic Team GrowthReported headcount over time04080120160200201920202021202220232024006161Source: GetLatka.com
YearMilestone
2024Reached 61 employees (October 2024)
2023Reached 86 employees (December 2023)
2023Reached 112 employees (November 2023)
2022Reached 179 employees (December 2022)
2022Reached 136 employees (November 2022)
2022Reached 136 employees (March 2022)
2021Reached 106 employees (December 2021)
2021Reached 106 employees (November 2021)
2020Reached 54 employees (November 2020)

Frequently Asked Questions about Ermetic

What is Ermetic's revenue?

Ermetic generates an estimated $12.3M in annual revenue.

Who founded Ermetic?

Ermetic was founded by Shai Morag.

Who is the CEO of Ermetic?

The CEO of Ermetic is Shai Morag.

How much funding does Ermetic have?

Ermetic raised $134.3M across 4 rounds.

How many employees does Ermetic have?

Ermetic has 61 employees.

Where is Ermetic headquarters?

Ermetic is headquartered in Palo Alto, California, United States.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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Ermetic Revenue 2024: $12.3M ARR, $134.3M Raised