Can you tell us a bit more about yourself? What’s your background?
I spent many years in identity working for Okta as a product lead. Jeff has been an infrastructure engineer at companies such as Netflix, Stripe, and Heroku. We started Abbey Labs to solve a problem that our customers faced, and that Jeff lived first-hand, namely, that engineers were spending far too much time on access management instead of their core responsibilities.

Jeff [Co-Founder & CTO Jeff Chao] and I came together because of our shared values and experiences. We’re both from immigrant families and each of us grew up outside the Bay Area (Las Vegas and Boston). We’re both family-oriented, love our dogs, and have a shared vision of building a successful and lasting company. 

What is the market problem you want to solve? What is the real opportunity?
We sit at the intersection of several multi-billion-dollar markets: access governance, privileged access management, and identity management. According to one estimate, these aggregate markets are poised to make up approximately $11 billion in annual spending

What are the features differentiating the product from competitors?
We’re enabling engineers to automate how access is granted. By doing so, we reduce toil, and allow companies to be more secure and compliant. We’re not a SaaS tool that tries to institute control over an organization’s technology. Rather, we are an enabler of access and are deeply embedded into the environments in which people work as well as their existing developer workflows and deployment pipelines. 

You just raised a new funding round. Please, tell us more about it.
We’re fortunate to have a great team of investors behind us. Point72 Ventures led the seed round with participation from Haystack, Essence Ventures, as well as a tremendous group of angel investors across security, data, and infrastructure.

 

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