202423 Jan

Israeli non-human identity management startup Oasis Security raises $40M

Summary

Israeli non-human identity management startup Oasis Security Ltd. announced today that it has raised $40 million in new funding to increase its headcount and to continue developing product capabilities.Founded by Danny Brickman and Ami Timarman, both previous members of Israeli Intelligence Unit 81, Oasis Security offers a platform for managing non-human identities, such as service accounts, secrets, application programming interface keys, tokens and certificates that are prevalent in hybrid and multicloud settings. Designed to be easy to integrate with major cloud and on-premise identity sources, the platform helps users understand who owns and consumes these identities, the resources they grant access to and their privilege levels.A module in the platform called Posture & Remediation Intelligence is a key feature that automatically identifies vulnerabilities, prioritizes critical issues and generates remediation plans. The platform ensures that non-human identities and their related elements adhere to regulatory standards and organizational policies, with support for various cybersecurity and legal requirements and frameworks.Non-human identities have grown exponentially and become the weak link in enterprise cybersecurity, Chief Executive Officer Brickman said in a statement. The compromise of a single service account or token could allow a malicious actor to delete an entire cloud environment. Identity is the new perimeter, and non-human identity is the gaping hole in that perimeter, said Sequoia partner Bogomil Balkansky.Sequoia has been an early investor in companies including PayPal Holdings Inc., Google LLC, Oracle Corp., Stripe Inc., Airbnb Inc., WhatsApp and YouTube.

Source: Siliconangle

Funding

$35M
Amount
Jan 31 2024
Date
-
Investor
Oasis Communication Technologies
Company

Classifications

Companies