Astrix Security Raises $45M to Strengthen Nonhuman Identity Protection
Astrix Security Ltd., an access management startup, has secured $45 million in a new funding round. The company aims to fortify enterprise security by addressing the critical issue of nonhuman identity (NHI) protection.
Founded in 2021 by Alon Jackson (CEO) and Idan Gour (CTO), both cybersecurity veterans, Astrix launched its platform in 2022. Their solution provides comprehensive visibility and control over nonhuman identities, which are increasingly prevalent in modern IT environments.
Astrix’s platform helps organizations manage the expanding use of third-party integrations and automation. These connections, while boosting productivity, create “shadow integrations” that expose businesses to supply chain attacks, data leaks, and compliance risks. The company’s agentless solution discovers and manages these identities in a centralized manner, ensuring secure access to critical systems.
By proactively detecting and mitigating risks such as overprivileged accounts and unauthorized access, the platform helps enterprises defend against supply chain attacks and data breaches. It also identifies legitimate third-party services that may pose security vulnerabilities, such as a revenue forecasting tool integrated with a sales database that has known software vulnerabilities.
“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 its Series A round in June 2023, Astrix has experienced significant growth, expanding its team threefold and increasing its customer base, which includes Fortune 500 companies like Workday Inc., NetApp Inc., Priceline, and Figma Inc. The Series B round was led by Menlo Ventures Management, with participation from Workday Ventures and existing investors Bessemer Venture Partners Management, Charles River Ventures, and F2 Venture Capital. The company has now raised a total of $95 million.
