Astrix Security, a cybersecurity startup that helps enterprises close their biggest security blind spots, has secured $45 million in Series B funding. This round was led by Menlo Ventures (which invested in Magnetar and Sana Labs), with participation from Workday Ventures, CRV, Bessemer Venture Partners (which invested in Spot AI and The Exploration Company), and F2 Venture Capital.
With total funding reaching $85 million, Astrix is poised to scale its operations, expand its product capabilities, and secure enterprises in an increasingly automated world.
The growing threat of NHI exploits
Non-human identities (NHIs), such as API keys, service accounts, and automation secrets, have become prime targets in cyberattacks, as highlighted by breaches involving Microsoft and Okta. With Gartner predicting that agentic AI will autonomously make 15% of workplace decisions by 2028, enterprises must rethink their security strategies to include AI agents and other NHIs.
As organisations increasingly rely on these virtual employees to automate human workflows, the definition of the workforce will change, forcing enterprises to rethink their existing identity and access management approaches. This is where Astrix comes into the picture to address one of the most overlooked vulnerabilities in enterprise security – NHIs.
Automatic detection of malicious access
Founded in 2021 by Israeli military intelligence veterans Alon Jackson and Idan Gour in Tel Aviv and headquartered in New York. It combines deep technical expertise with an ambitious mission to redefine enterprise security. The platform gives enterprises a centralised view of all NHIs, enabling automatic detection and remediation of over-privileged or malicious access.
By addressing these gaps, Astrix prevents supply chain attacks and data leaks. The platform’s agentless design ensures seamless deployment, empowering security teams to act swiftly and effectively.
Growth and achievements
Since its Series A funding in 2022, Astrix has experienced exponential growth, expanding its team threefold and increasing revenue fivefold. The company now supports a growing roster of Fortune 500 clients, including Workday, Netapp, Priceline, and Figma. Its achievements have earned recognition as a Gartner Cool Vendor in Identity-First Security, a SINET16 Innovator 2024, and an RSA Innovation Sandbox finalist in 2023.
In collaboration with the Cloud Security Alliance, it hosted the inaugural NHI Security Conference to spotlight critical security gaps. The event revealed that one in five organisations has experienced NHI-related incidents, yet only 15% feel confident in their ability to secure these assets.
“From inception, we’ve been laser-focused on securing enterprises’ most vulnerable entry points and defining the NHI security domain. 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,” said Alon Jackson, Astrix Co-founder and CEO. “Our innovative technology will go beyond governance to ensure secure access of human and non-human identities to the enterprise’s most sensitive environments and data.”
How does it redefine enterprise security?
With enterprises increasingly relying on AI agents and automation, Astrix’s agentless platform offers unparalleled visibility and control over NHIs, ensuring secure access to critical systems. Its ability to prevent data breaches and supply chain attacks and strong backing, Astrix is all set to redefine enterprise trust frameworks.
Investors’ views
Menlo Ventures invested in Astrix through their Anthology Fund, “Astrix exemplifies the type of transformative company the Anthology Fund was created to support,” said Rama Sekhar, Partner at Menlo Ventures. “Developed between Menlo Ventures and Anthropic, the Anthology Fund’s goal is to fuel the next generation of AI startups, and our investment in Astrix highlights their leadership in securing non-human identities, addressing the emerging challenges of agentic AI and beyond. We’re thrilled to partner with Jackson, Idan, and the Astrix team as they pave the way for redefining what security means in an AI-first world.”
“Astrix Security is leading the charge in how organisations approach the critical challenge of securing non-human identities, and we’re excited to support them in their journey. Our investment in Astrix reflects a shared commitment to empowering organisations with innovative, scalable solutions that address emerging security needs. As the adoption of AI and interconnected systems accelerates, Astrix’s proactive approach to securing non-human identities aligns with our vision of enabling enterprises to navigate the future of work with confidence and trust,” said Erin Yang, VP and Chief Technologist at Workday Ventures.
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