Astrix Secures $45 Million in Series B Funding to Revolutionize Non-Human Identity Security
Menlo Ventures Leads the Round with Anthology Fund, Workday Ventures, and Existing Investors
Astrix Security, the trusted solution for securing non-human identities (NHIs), has announced $45 million in Series B funding led by Menlo Ventures with the participation of Workday Ventures, and existing investors BVP, CRV, and F2. This funding advances Astrix’s mission to secure enterprises’ biggest identity blind spot with a revolutionary infrastructure that ensures trusted access to critical systems and expansion to all identities, including humans.
The Growing Importance of Non-Human Identity Security
Gartner predicts that by 2028, at least 15% of day-to-day work decisions will be made autonomously through agentic AI. As organizations increasingly rely on these “virtual employees” to help support human workflows, the very definition of the “workforce” will change, forcing enterprises to rethink their existing identity and access management approaches.
Securing Non-Human Identities in the Age of AI
NHIs, such as API keys, service accounts, and secrets, have been repeatedly exploited in recent high-profile cyberattacks, including those reported by Microsoft and Okta. With the rapid adoption of AI agents – software programs that enhance productivity by automating tasks – securing NHIs is becoming even more imperative.
Astrix’s Vision for the Future of Identity Security
“From inception, we’ve been laser-focused on securing enterprises’ most vulnerable entry points and defining the NHI security domain. Now, with AI driving the proliferation of API keys, service accounts, and other NHIs in the enterprise, our mission has never been so critical and complex,” said Alon Jackson, Astrix Co-founder and CEO. “Our innovative technology will go beyond governance to ensure secure access of human and non-human identities to the enterprise’s most sensitive environments and data.”
Menlo Ventures’ Support for Astrix
Menlo Ventures led the round through their Anthology Fund, a $100M initiative launched in 2024 in strategic partnership with Anthropic. “With the Anthology Fund, we’re building a portfolio of next-generation AI startups; Astrix stands out for their pioneering work in securing non-human identities and addressing the emerging challenges of agentic AI. We’re thrilled to partner with Jackson, Idan, and the Astrix team as they pave the way for redefining what security means in an AI-first world,” said Rama Sekhar, Partner at Menlo Ventures.
Astrix’s Growth and Accolades
Since raising its Series A funding only last year, Astrix has grown 5X and tripled the size of its team to support its growing Fortune 500 customer base, which includes organizations such as Figma, Netapp, Priceline, and Workday, Inc. Recognized industry-wide, Astrix was recently named a SINET16 Innovator 2024, a Gartner Cool Vendor in Identity-First Security, and an RSA Innovation Sandbox finalist in 2023.
The NHI Security Conference
In the first NHI Security Conference hosted by Astrix and Cloud Security Alliance (CSA), data revealed critical gaps in NHI protection, with one in five organizations having experienced a non-human identities security incident but only 15% remain confident in their ability to secure them. Using an agentless approach, Astrix allows security teams to quickly discover all their non-human identities in one place, and automatically detects and remediates over-privileged, unnecessary, and malicious access that exposes their organizations to attacks.
Conclusion
Astrix’s mission to secure the biggest identity blind spot in enterprises is more critical than ever. With the growing adoption of AI agents and the increasing reliance on non-human identities, it is essential to ensure the security of these identities. With the support of Menlo Ventures, Workday Ventures, and existing investors, Astrix is poised to revolutionize the NHI security landscape and redefine what security means in an AI-first world.
FAQs
Q: What is Astrix’s mission?
Astrix’s mission is to secure the biggest identity blind spot in enterprises by ensuring trusted access to critical systems and expansion to all identities, including humans.
Q: What is the significance of non-human identity security?
The growing reliance on AI agents and automated tasks has made it essential to secure non-human identities, such as API keys, service accounts, and secrets, to prevent cyberattacks and data breaches.
Q: Who led the Series B funding round?
Menlo Ventures led the round with their Anthology Fund, a $100M initiative launched in 2024 in strategic partnership with Anthropic.
Q: What is the future of identity security in an AI-first world?
Astrix’s innovative technology will go beyond governance to ensure secure access of human and non-human identities to the enterprise’s most sensitive environments and data, redefining what security means in an AI-first world.
Q: What is the significance of Astrix’s recent recognitions?
Astrix was recently named a SINET16 Innovator 2024, a Gartner Cool Vendor in Identity-First Security, and an RSA Innovation Sandbox finalist in 2023, solidifying its position as a leader in the NHI security landscape.
