Israeli startup Oasis securityA company developing a platform for securing non-human identities (NHIs) at an enterprise has announced the completion of a Series A extension in which it raised $35 million, double the valuation in its previous round held just months ago. The round was led by Accel, Cyberstarts, and Sequoia Capital. Including the current round, Oasis Security has raised $75 million to date. The company intends to hire dozens of additional workers in Israel and the United States.
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Israeli company Oasis Security raises $40 million
Oasis Security was founded in 2022 by CEO Danny Brickman and COO Amit Zimmerman. The duo decided to tackle the problem of non-human identities, such as service accounts and API keys, in enterprises. Attackers can take advantage of the growth of such identities to carry out highly destructive attacks.
The Oasis Security platform helps manage national health institutions, planning them, identifying potential vulnerabilities, prioritizing treatment using a risk assessment model, and providing remediation measures.
“We are witnessing an unprecedented identity security crisis with non-human identities at its center, with serious business implications for many organizations,” Brickman said in announcing the tour. “Security and identity teams are left alone in uncharted territory, as other tools lack the ability to provide end-to-end visibility, posture and governance to NHS organizations across the hybrid cloud.”
The company cites the findings of A A new report by the US Department of Homeland Security That failures in NHI management led to the hacking of the accounts of senior US government officials.
Oasis Security employs 60 people in Israel and the United States, and provides services to several global companies.
Published by Globes, Israel Business News – en.globes.co.il – on May 2, 2024.
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