Enterprise SaaS · Tel Aviv
Bastion
Access control for software agents acting on your behalf.
- Stage
- Series A
- Founded
- Founded 2022
- First invested
- We invested 2023
- Team
- 55 people
- Total raised
- $18M
- Current stage
- Series A
- Team
- 55
- Founded
- 2022
What they build
The product, in plain terms
Bastion builds access control for software agents acting on your behalf. The company started in Tel Aviv in 2022. We backed it at seed and have worked with the team through Series A.
- 01
A product that replaces a process rather than adding a dashboard on top of one.
- 02
Deployment that finishes. Most competitors sell well and implement badly.
- 03
Security and procurement work done early, so a large customer is not a nine-month science project.
Where it stands
Numbers the team watches
Reported by the company at its most recent board meeting. We publish what founders are comfortable publishing and nothing more.
- Annual recurring revenue
- $10M
- Net revenue retention
- 82%
- Median deployment
- 3 weeks
Why we invested
The note from the first meeting
“We met Bastion in 2023, back when every large buyer wanted a reference customer who looked exactly like them. The founders had already chosen the unglamorous version of the problem and were further along on it than anyone else we had seen. That is usually the whole thesis.”
- Went from prototype to paid pilot in a single quarter.
- Signed its first design partner before the program ended.
- Shipped the enterprise tier without hiring a single sales engineer.
Founders
Who is building it
Both founders were in the room the day we wrote the check, and both still run the company.
Uma Kaur
Co-founder and CEO
Ran support for four years and knows the failure modes better than anyone selling against them.
Chiara Moreau
Co-founder and CTO
Spent four years on the infrastructure team this product replaces.
Timeline
How it has gone
The version we would give another investor, including the years where nothing looked like progress.
- 2022
Founded
Uma Kaur and Chiara Moreau start Bastion in Tel Aviv around a single wedge: access control for software agents acting on your behalf.
- 2023
We invested
We wrote the seed check. David Chen has worked with the team ever since.
- 2024
Paid customers
Contracts replaced pilots, and the company stopped selling a roadmap and started selling a product.
- 2025
Series A round
Raised at $110M, led by an investor we introduced during diligence. We took our full pro rata.
- 2026
Where it stands
55 people, selling in more markets than it started in, still run by the two people who wrote the first version.
Alongside us
Co-investors
We share rounds with people we would want on our own cap table.
- Kleiner Perkins
- Amplify Partners
- Foundation Capital
- Emergence
Working here
Open roles
Bastion is hiring in these areas. Mention us and the note gets to the founders directly.
- Security
- Solutions engineering
- Enterprise sales
Others we back in Enterprise SaaS
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