Source: www.securityweek.com – Author: Ryan Naraine
Astrix Security, an early stage startup building technology to secure non-human identities and app-to-app connections, has bagged $45 million in a Series B funding round led by Menlo Ventures.
The Tel Aviv company said the new financing included investments from Workday Ventures, Bessemer Venture Partners (BVP), CRV, and F2 Venture Capital, and brings the total raised to $85 million.
Astrix Security and its investors are banking on finding profits in helping businesses to secure a major blindspot in identity and access management: non-human identities like API keys, service accounts, and secrets.
The company cited Gartner data predicting at least 15% of day-to-day work decisions will be made autonomously through agentic AI products and warned that these so-called “virtual employees” will force organizations to rethink existing identity and access management approaches.
Astrix Security said its software provides visibility into all non-human identities, and automatically detects and remediates over-privileged, unnecessary and malicious access to prevent supply chain attacks and data leaks.
Since raising its Series A funding only last year, Astrix Security said it has tripled the size of its workforce to support a customer base that includes Workday, Netapp, Priceline, and Figma.
Related: Astrix Raises $25 Million to Help Secure App-to-App Connections
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Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.
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Original Post URL: https://www.securityweek.com/astrix-security-banks-45m-series-b-to-secure-non-human-identities/
Category & Tags: Funding/M&A,Identity & Access,AI Automation,Astrix Security,IAM,Menlo Ventures,Series B – Funding/M&A,Identity & Access,AI Automation,Astrix Security,IAM,Menlo Ventures,Series B
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