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