Astrix Security, a trailblazer in non-human identity security, has announced the successful raise of $25m in a Series A funding round.
Founded in Tel Aviv in 2021, the firm is led by two veterans of the Israel Defense Force 8200 military intelligence unit, CEO Alon Jackson and CTO Idan Gour. Astrix has made impressive strides in defending cloud-first companies against a new generation of supply chain attacks.
The company’s Series A funding was led by CRV, with existing investors Bessemer Venture Partners and F2 Venture Capital also participating. This fresh infusion of funds brings the company’s total funding close to $40m.
Astrix Security provides a holistic view of all non-human connections and identities, which includes API keys, OAuth tokens, service accounts, and webhooks, among others. It operates in a growing digital environment that hinges on a vast network of interconnected apps, often seeing an average of 10,000 app-connections for every 1,000 employees. Amid the growing popularity of AI-powered apps, Astrix offers unprecedented capabilities to manage the escalating API-based third-party attack surface across all environments.
The newly acquired funds will be used to further the company’s mission, notably through the expansion of their research team and their U.S. and Tel Aviv offices. This comes on the back of the team’s recent discovery of GhostToken, a critical 0-day vulnerability in the Google Cloud Platform.
Astrix Security’s growth and market influence continue to surge, despite market instability. The company has recently added several notable names to its client roster, including Figma, Priceline, Bloomreach, and Rapyd. They were also recognised as a finalist in the 2023 RSA Innovation Sandbox contest.
Astrix Security CEO Alon Jackson said, “We founded Astrix to close a significant and unaddressed security gap, by allowing security teams to extend access management and threat detection to the non-human identity layer.
“It’s amazing to experience the tremendous adoption by security teams, as well as see Astrix’s capabilities become essential to their every-day security arsenal. We look forward to continuing to expand our capabilities and partnerships, allowing organisations to truly reap the benefits of third-party services, especially Gen-AI apps, without compromising security.”
The Astrix Security platform was also praised by James Green, General Partner at CRV, who noted the innovative approach the company is taking to address the growing threat vector associated with third-party connectivity.
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