Saturday, June 22, 2024
HomeRecent ArticlesIsrael-based NHIM solutions Oasis Security Secures $35Million in Series A extension Funding...

Israel-based NHIM solutions Oasis Security Secures $35Million in Series A extension Funding – FUNDING NEWS

Oasis Security, the leading provider of Non-human Identity Management (NHIM) solutions, announced that it has raised a Series A Extension of $35 million, just three months after emerging from stealth. The round was co-led by existing investors Accel, Cyberstarts and Sequoia Capital, doubling the company’s Series A valuation. Oasis has raised a total of $75 million to date.

Oasis Security, the leading provider of Non-human Identity Management (NHIM) solutions, announced that it has raised a Series A Extension of $35 million, just three months after emerging from stealth. The round was co-led by existing investors Accel, Cyberstarts and Sequoia Capital, doubling the company’s Series A valuation. It has raised a total of $75 million to date.

The exponential growth of Non-Human Identities used for workload-to-workload access, including  system accounts, secrets, keys, and tokens, has created a new attack vector – which malicious attackers are exploiting with increased efficacy, leading to harmful results. Recent breaches involving prominent and security-aware organizations, such as Microsoft, Cloudflare, Sisense, and Mercedez-Benz, further underscore the magnitude of the risk and the need for an effective and robust strategy for NHI governance.

Read also – India-Based Stride Ventures Secures its third debt fund at $165 Million

This is confirmed by the key findings of the Cyber Safety Review Board Releases Report on Microsoft Online Exchange Incident from Summer 2023 recently released by of U.S. Department of Homeland Security.

“We are witnessing an unprecedented identity security crisis where non-human identities are at the epicenter,  with  severe business repercussions for many organizations. Security and identity teams are left alone in uncharted territory, as other tools lack the ability to provide holistic visibility, posture, and governance of NHIs across the hybrid cloud,” said Danny Brickman, Co-Founder and CEO, Oasis Security. “In recent months, the market validated the need for a new approach that solves this critical issue,  resulting in robust business momentum for us at Oasis. We are excited for the vote of confidence expressed by our investors and are thrilled to continue changing the paradigm of identity management accelerating our product development.”

Oasis provides the most comprehensive enterprise platform to manage and secure Non-Human Identities. The Oasis platform was designed to meet the unique requirements of NHI Management, making it simple and efficient to secure NHIs at scale. Customers achieve holistic contextual visibility in a matter of minutes by connecting Oasis to their environment without the need for agents.

Read also – SaaS Startup AiDash Secures $58.5 Million in Series C Funding

Oasis built-in analytics continuously observe how NHIs are used, providing operators with critical information on owners, consumers, accessed resources, privileges and risk posture based on customizable policies. For each identified issue, Oasis helps shorten time to resolution by generating a severity score for prioritization and by providing tailored remediation action paths that automate task and orchestrate response across teams.

About Oasis Security  

Oasis is the market leading provider of non-human identity management. The shift to cloud, devops, and AI is fueling exponential growth of non-human identities opening up a new massive attack surface. Oasis pioneered the first enterprise-grade platform specifically designed to tackle the unique security and operational challenges of non-human identities, enabling security and engineering teams to bolster security posture, implement robust governance, and simplify compliance.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular