Astrix Security, a Tel Aviv-based cybersecurity startup focused on securing non-human identities, has raised $45 million in a Series B funding round, bringing its total funding to $85 million. The round was led by Menlo Ventures, with additional participation from Workday Ventures, Bessemer Venture Partners, CRV, and F2 Venture Capital. This new investment underscores the growing importance of securing non-human identities such as API keys, service accounts, and other automated system access points, which are becoming critical as businesses increasingly rely on virtual employees and autonomous AI-driven systems.
The rapid digital transformation and adoption of agentic AI products have led Gartner to predict that 15% of daily work decisions will soon be made autonomously. This shift is prompting companies to rethink their approach to identity and access management. Traditionally, businesses have focused primarily on human identities, leaving non-human identities, often integral to business operations, vulnerable to cyber threats. Astrix Security aims to close this gap by providing comprehensive visibility and control over these non-human identities.
Astrix’s software automatically detects and remediates over-privileged, unnecessary, and potentially malicious access to sensitive systems, preventing threats like supply chain attacks and data leaks. The company’s solution is particularly timely as organizations are increasingly aware of the risks posed by unsecured digital identities. The company’s platform gives businesses the tools to monitor all non-human identities, ensuring that only legitimate systems have the necessary access, while malicious or misused credentials are flagged and corrected.
Since raising its Series A funding last year, Astrix Security has made significant strides in growing its team and expanding its customer base. The company has tripled the size of its workforce and attracted notable clients, including Workday, Netapp, Priceline, and Figma. With this new round of funding, Astrix is well-positioned to continue its growth and help organizations safeguard an often-overlooked aspect of their cybersecurity strategy, ensuring their digital identities remain secure in an increasingly automated world.
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