Oasis Security raises $120 million to tackle security risks from AI agents and machine identities

Startup Oasis Security Raises $120 Million From Craft, Sequoia

Oasis plans to use its latest funding to expand research and development, sales and go-to-market teams. Oasis Security, a cybersecurity startup that helps companies manage access to their systems from non-human accounts such as artificial intelligence agents, has raised $120 million from investors including Sequoia Capital and Accel. The funding round was led by Craft Ventures, with Cyberstarts also participating, according to a company statement. The firm, which declined to disclose its valuation, has now raised $190 million. The startup, with offices in New York and Tel Aviv, helps companies manage the security risks of so-called non-human identities such as AI bots and other automated work tools that have access to their systems. Businesses' digital systems are growing increasingly complex with interconnecting applications and the onslaught of agentic AI tools capable of autonomously carrying out tasks on behalf of users. Oasis said business with Fortune 500 companies, many of which are adapting to agentic AI tools, account for the majority of its sales. "An agent with full-blown access right now is as powerful as it gets," Oasis Chief Executive Officer Danny Brickman said in an interview. Access like that "creates even more pressure on" the chief information security officer of a company, he said. Brickman said he's seeing Fortune 500 companies, particularly in the financial sector, moving to adopt AI agents more quickly than startups, a trend he described as a "huge surprise." Firms are encouraging employees to use AI tools for everything from coding to scanning emails, he said. The startup plans to use its latest funding to expand research and development, sales and go-to-market teams.

Oasis Security raises $120M to secure non-human identities across AI and cloud environments - SiliconANGLE

Oasis Security raises $120M to secure non-human identities across AI and cloud environments Israeli non-human identity management startup Oasis Security Ltd. revealed today that it has raised $120 million in new funding to expand research and development and support go-to-market operations, including scaling its platform and sales efforts. Founded in 2022 by Danny Brickman and Ami Timarman, both previous members of Israeli Intelligence Unit 81, Oasis Security was created to manage and secure machine identities such as service accounts, application programming interfaces, bots and workloads that operate without direct human interaction. The company's platform addresses the expansion of non-human identities created by cloud infrastructure and artificial intelligence systems by discovering, classifying and governing machine identities across enterprise environments to reduce exposure from unmanaged credentials and excessive permissions. The platform's technology integrates with cloud providers, identity systems and application environments to inventory machine identities and map their relationships to resources and privileges. Using the data gathered, the platform then analyzes authentication patterns, credential usage and permission scopes to build a continuously updated view of how non-human identities are created and used. The data is used to identify dormant accounts, excessive access rights and misconfigured credentials to enable automated enforcement of access policies and lifecycle controls. The platform includes support for the automated discovery of machine identities, classification based on role and usage and policy-driven governance for credential rotation and access control. The Oasis platform can detect unused or orphaned identities, enforce least-privilege access and manage secrets associated with applications and services. It also provides monitoring and alerting around anomalous behavior tied to machine identity activity, helping security teams track changes and investigate potential misuse. The company said in an interview with Bloomberg that business with Fortune 500 companies, many of which are adapting to agentic AI tools, accounts for the majority of its sales. "An agent with full-blown access right now is as powerful as it gets," explained Oasis Chief Executive Officer Danny Brickman, adding that access like that "creates even more pressure on" the chief information security officer of a company. The Series B round was led by Craft Ventures Management, with existing investors Cyberstarts, Sequoia Capital Operations and Accel Partners LP also participating. The new funding takes the total raised by Oasis to $190 million. The company's previous funding rounds include $40 million raised in January 2024 and $35 million in May 2024.