Israeli start-up Oasis Security, developer of a platform for securing non-human identities (NHI) in an organization, announced the completion of a Series A extension in which it raised $35 million, double the valuation of its previous cycle organized just a few months ago. The round was led by Accel, Cyberstarts and Sequoia Capital. Including the current round, Osasis Security has raised $75 million to date. The company plans to hire dozens of additional workers in Israel and the United States.
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Oasis Security was founded in 2022 by its CEO Danny Brickman and its CPO Amit Zimerman. The two decided to tackle the problem of non-human identities, such as service accounts and API keys, in enterprises. Attackers can take advantage of the growth of these identities to carry out highly destructive attacks.
Oasis Security’s platform helps manage NHIs. It maps them, identifies potential weaknesses, prioritizes treatment using a risk assessment model and proposes corrective measures.
“We are witnessing an unprecedented identity security crisis, where non-human identities are at the epicenter, with serious business implications for many organizations,” Brickman said when announcing the round. “Security and identity teams are left alone in uncharted territory because other tools lack the capacity to provide holistic visibility, posture, and governance of NHIs in the hybrid cloud.
The company cites the findings of a new report from the US Department of Homeland Security that failures in the management of NHI led to the hacking of the accounts of senior US government officials.
Oasis Security employs 60 people in Israel and the United States and provides services to several global companies.
Published by Globes, Israel Business News – fr.globes.co.il – May 2, 2024.
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