### #IdentitySecurity #AccessManagement #NonhumanIdentities
Summary: Astrix Security Ltd. has secured $45 million in funding to enhance its platform aimed at managing nonhuman identities and securing enterprise access to critical systems. The company focuses on mitigating risks associated with third-party integrations and overprivileged accounts to prevent supply chain attacks and data breaches.
Threat Actor: N/A | N/A
Victim: Enterprises | N/A
Key Point :
- Astrix’s platform provides visibility and management of nonhuman identities (NHIs) to prevent unauthorized access.
- The company addresses the risks posed by shadow integrations and overprivileged accounts in cloud-based environments.
- Recent funding will support Astrix’s growth and expansion among Fortune 500 clients, enhancing its mission to secure vulnerable entry points.
- Notable customers include Workday, NetApp, Priceline, and Figma, highlighting the platform’s industry relevance.
- The rise of AI and API keys has intensified the need for robust NHI security solutions.
Access management startup Astrix Security Ltd. today announced that it has raised $45 million in new funding to advance its mission to secure enterprises’ biggest identity blind spots with infrastructure that ensures trusted access to critical systems and expansion to all identities, including humans.
The company was co-founded in 2021 by Chief Executive Officer Alon Jackson and Chief Technology Officer Idan Gour, both cybersecurity experts with experience in the private sector and the Israel Defense Force’s 8200 elite cyber unit. It launched in 2022.
Astrix helps enterprises close nonhuman identity blind spots by providing visibility into all NHIs. The company’s platform automatically detects and remediates overprivileged, unnecessary and malicious access to prevent supply chain attacks and data leaks.
It argues that end users are increasingly weaving third-party integrations and automation into their operations to boost enterprise growth and productivity, especially with the rise of remote and cloud-based work. However, this interconnected web of third-party connections to critical systems remains largely unmonitored, creating shadow integrations that expose businesses to supply chain attacks, data leaks and compliance risks.
Astrix addresses these issues by offering an agentless solution that allows organizations to discover and manage all nonhuman identities in one place, ensuring secure access to critical systems. By proactively detecting and remediating risks such as shadow integrations and overprivileged accounts, it helps enterprises safeguard against supply chain attacks and data breaches while maintaining compliance.
The company’s platform also highlights legitimate services that may pose cybersecurity risks, such as where a revenue forecasting tool integrated with a company’s sales database has a known software vulnerability. Astrix also spots third-party applications that can access more data in a company’s internal systems than is strictly necessary.
“From inception, we’ve been laser-focused on securing enterprises’ most vulnerable entry points and defining the NHI security domain,” Jackson explained. “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.”
Since raising a Series A round in June 2023, Astrix has grown by over five times and has tripled the size of its team to support its growing Fortune 500 customer base, though it didn’t provide more specific numbers. Notable Astrix customers include Workday Inc., NetApp Inc., Priceline and Figma Inc.
Menlo Ventures Management led the Series B round, with Workday Ventures and existing investors Bessemer Venture Partners Management, Charles River Ventures and F2 Venture Capital also participating. Including the new funding, it has raised $95 million to date.
Photo: Astrix Security
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