Astrix Security, a New York-based company, has secured $25 million in a funding round led by venture capital firm CRV. This investment brings Astrix’s total funding to nearly $40 million.
The funds will be utilized to expand the company’s services from managing access for nonhuman identities to addressing threats to services and applications. Astrix aims to assist third-party applications in securely connecting to customer relationship management (CRM) or email systems.
CEO Alon Jackson highlighted the increasing demand for machine identity protection, especially among Fortune 200 companies, which have had to invest significant resources in developing in-house tools due to the lack of suitable offerings in the market.
Jackson emphasized that managing, analyzing, and gaining real-time insights into nonhuman identities requires a specialized tech stack due to the unique behavior patterns of applications.
The focus is on identifying unusual or suspicious behavior in machines, as they are expected to perform repetitive tasks consistently. Astrix’s technology is increasingly relied upon by customers for managing AI tools and machines.
The company leverages generative AI for enhanced threat and anomaly detection, with Jackson noting the growing significance of Astrix’s work in the context of the evolving landscape of generative AI applications and tools in customer environments.
