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Cybersecurity Funding

Astrix Raises $25 Million to Help Enterprises Secure App-to-App Connections

Astrix Security raises $25 million in Series A funding for its solution designed to help enterprises secure non-human identities.

Astrix Security, an Israel-based company that specializes in securing app-to-app connections, announced on Wednesday that is has raised $25 million in Series A funding. 

The investment round, which brings the total funding received by Astrix to nearly $40 million, was led by CRV, with participation from Bessemer Venture Partners and F2 Venture Capital. 

The money will be used to enhance its platform and for the company’s expansion in the United States and Israel. 

Astrix has developed a platform that enables organizations to discover and address risky or malicious application connections — non-human identities and connections — that could expose them to data breaches and supply chain attacks.

It does this by continuously discovering connections between core systems and internal and third-party applications, monitoring API keys, access tokens, service accounts and other elements. 

Customers are notified when a problematic connection has been detected, including anomalies, redundant apps and keys, dangerous practices, misconfigurations, and malicious third-party connections. 

Organizations are then helped remediate the identified issues through automated workflows that can be integrated with existing IT management tools. The platform also helps customers keep track of every access token.

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The solution works with a wide range of SaaS, IaaS and PaaS environments, including Office 365, Okta, Slack, GitHub, Google, Atlassian and Salesforce. 

Related: Vouched Raises $6.3 Million for Identity Verification Platform

Related: Lockr Raises $2.5 Million for Identity and Data Protection Platform

Related: Data Security Firm Cyera Attracts $100M Investment

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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