Astrix Security Ltd., a startup specializing in access management solutions, announced it has secured $45 million in a new funding round. The investment will bolster the company’s mission to protect enterprise systems by addressing the often-overlooked vulnerabilities associated with nonhuman identities (NHIs).
Co-founded in 2021 by Alon Jackson, CEO, and Idan Gour, CTO, Astrix Security launched in 2022. Jackson and Gour, both cybersecurity experts with experience in the private sector and Israel Defense Force’s 8200 elite cyber unit, recognized the growing need to safeguard critical systems from increasingly sophisticated threats.
Astrix’s platform provides comprehensive visibility into all NHIs, enabling organizations to close identity blind spots. The platform automatically detects and remediates overprivileged, unnecessary, and malicious access to prevent supply chain attacks and data leaks. As businesses increasingly rely on third-party integrations and automation, particularly with the rise of remote work environments, this technology has become more critical.
These interconnected systems, often referred to as shadow integrations, can expose businesses to significant risks, including supply chain attacks, data breaches, and compliance issues. Astrix offers an agentless solution designed to discover and manage all nonhuman identities from a single interface, thereby securing access to essential systems. The technology proactively identifies risks such as shadow integrations and overprivileged accounts, helping enterprises prevent data breaches and maintain compliance.
Beyond security, the platform also highlights legitimate services that might pose cybersecurity risks. For instance, it can identify potential vulnerabilities in a revenue forecasting tool integrated with a company’s sales database. The technology can also identify third-party applications accessing unnecessary data within a company’s internal systems.
“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 closing a Series A round in June 2023, Astrix has experienced rapid growth. The company has expanded by over five times and tripled its team size to accommodate a growing Fortune 500 customer base, though specific figures were not released. Some of Astrix’s notable clients include 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. Including the new funding, the company has raised a total of $95 million to date.
