Israeli cybersecurity company Asterix Security announced the completion of a $45 million Series B funding round led by Menlo Ventures (through Anthology Fund – a strategic partnership with Anthropic) with participation from Workday Ventures, as well as existing investors Bessemer Venture Partners, CRV and F2 Venture. capital.
Founded in Tel Aviv in 2021 by CEO Alon Jackson and CTO Aidan Gur, two IDF 8200 veterans, Astrix is redefining identity security in the age of artificial intelligence. The company’s mission is to secure the largest blind spot in enterprise identity with an infrastructure that ensures reliable access to critical systems and scales to all identities, including humans.
As organizations increasingly rely on AI and rely on “virtual employees” to help support human workflows, the definition of “workforce” will change, forcing organizations to rethink their current identity and access management approaches. Non-human identities (NHIs), such as API keys, service accounts, and secrets, have been repeatedly exploited in recent high-profile cyberattacks such as those reported by Microsoft and Okta. With the rapid adoption of artificial intelligence agents – software that boosts productivity by automating tasks – securing national health facilities has become even more urgent.
“From the beginning, we’ve been laser-focused on securing enterprises’ most vulnerable entry points and defining the scope of NHI security,” Jackson says. “Now, with AI driving the proliferation of API keys, service accounts, and other NHIs across the enterprise, our mission has never been more important and complex.” Our innovative technology will go beyond governance to ensure secure access for human and non-human identities to the enterprise’s most sensitive environments and data. Since raising Series A funding last year, Astrix has grown five-fold and tripled the size of its team to support its Fortune 500 customer base. The growing ecosystem, which includes organizations like Figma, Netapp, Priceline, and Workday.
Published by Globes, Israel Business News – en.globes.co.il – on December 10, 2024
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