Astrix Security, a leader in the cyber security space, announced a significant boost in funding with a $45m Series B round.
The investment was led by Menlo Ventures and supported by Workday Ventures, alongside contributions from existing investors such as Bessemer Venture Partners, CRV, and F2 Venture Capital.
The funds are earmarked for Astrix Security’s groundbreaking work in securing non-human identities (NHIs)—a critical area in cybersecurity. NHIs, which include API keys, service accounts, and secrets, are becoming increasingly vital as companies integrate more artificial intelligence into their systems.
Astrix Security is at the forefront of developing solutions that ensure trusted access to critical systems, expanding to cover all identities, both human and non-human. Their innovative technology aims to redefine how identities are managed and protected, providing robust security measures that keep pace with the evolving digital landscape.
The newly acquired funds will be utilised to enhance Astrix’s infrastructure and expand its capabilities. This will include advancing its agentless technology that allows for rapid discovery and management of non-human identities, addressing a significant gap in current cybersecurity measures.
Additional information from the release highlights Astrix’s recent achievements, including a 5x growth since their last funding round and tripling their team size. They’ve also garnered recognition as a SINET16 Innovator 2024 and a Gartner Cool Vendor in Identity-First Security.
“From inception, we’ve been laser-focused on securing enterprises’ most vulnerable entry points and defining the NHI security domain. Now, with AI driving the proliferation of API keys, service accounts, and other NHIs in the enterprise, our mission has never been so critical and complex,” said Alon Jackson, co-founder and CEO of Astrix.
Astrix had previously raised funds in a Series A round last year, setting the stage for this latest influx of capital. This continued investment underscores the industry’s recognition of Astrix’s vital role in cybersecurity.
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