Astrix Security, a leading solution for securing non-human identities (NHIs), has announced $45 million in Series B funding, with Menlo Ventures leading the round and participation from Workday Ventures and other investors including Bessemer Venture Partners, CRV, and F2 Venture Capital. This funding will accelerate Astrix’s mission to secure the often-overlooked identity blind spot in enterprises, ensuring trusted access to critical systems for both human and non-human identities.
Astrix’s Mission and Growing Importance of NHI Security:
As organizations increasingly integrate AI-driven agents and automation into their workflows, the need to secure NHIs, such as API keys, service accounts, and secrets, has become more pressing. High-profile cyberattacks targeting NHIs, including breaches reported by Microsoft and Okta, have highlighted vulnerabilities. With the rapid rise of agentic AI—software that automates tasks—securing these identities is crucial.
Gartner predicts that by 2028, at least 15% of daily work decisions will be made autonomously by AI agents, fundamentally changing the workforce and forcing enterprises to rethink their identity and access management strategies. Astrix’s innovative infrastructure aims to address these challenges, securing both human and non-human identities and ensuring safe access to enterprise data and systems.
Key Features of Astrix’s Security Solution:
- Securing Non-Human Identities: Astrix is focused on securing enterprises’ most vulnerable entry points—NHIs—which are increasingly becoming targets for attackers. By securing API keys, service accounts, and other NHIs, Astrix protects against the expanding risks associated with the automation and proliferation of AI-driven tasks.
- Innovative Technology for Enterprise Security: The company’s technology goes beyond traditional governance, offering solutions that ensure secure access for both human and non-human identities to the most sensitive environments. This proactive approach is essential in today’s evolving cybersecurity landscape, where AI-driven threats are on the rise.
- Agentless Approach: Astrix offers an agentless solution that allows security teams to easily discover and monitor all NHIs within their enterprise environment. By automating the detection and remediation of over-privileged or malicious access, Astrix minimizes exposure to attacks.
Customer and Expert Insights:
- Alon Jackson, Co-founder and CEO of Astrix:
- “Securing NHIs has never been more critical, especially with the rise of AI. Our innovative technology ensures enterprises can confidently secure their most sensitive systems, regardless of whether the access comes from a human or non-human identity.”
- Rama Sekhar, Partner at Menlo Ventures:
- “Astrix stands out for its pioneering work in securing non-human identities. As AI adoption grows, securing these identities will become a top priority, and Astrix’s work in this space is redefining security in an AI-first world.”
- Erin Yang, VP and Chief Technologist at Workday Ventures:
- “Astrix’s approach aligns with our vision of helping organizations navigate the future of work. By securing non-human identities, Astrix is enabling enterprises to adapt to the changing landscape with confidence and trust.”
Recognition and Growth:
Since raising its Series A funding in the previous year, Astrix has experienced 5X growth, expanding its Fortune 500 customer base, which includes companies such as Figma, Netapp, Priceline, and Workday, Inc. The company has been widely recognized in the industry, being named a SINET16 Innovator 2024, a Gartner Cool Vendor in Identity-First Security, and a finalist in the RSA Innovation Sandbox in 2023.
Industry Challenges:
At the first NHI Security Conference, hosted by Astrix and the Cloud Security Alliance (CSA), data revealed concerning security gaps in NHI protection. 20% of organizations have faced security incidents involving NHIs, yet only 15% of companies feel confident in their ability to secure these identities. Astrix’s solutions help organizations identify and mitigate these risks efficiently.
With AI adoption accelerating, Astrix’s proactive approach to securing non-human identities is more crucial than ever. The company’s technology not only protects critical systems but also enables organizations to stay ahead of emerging security challenges, ensuring trust and security as the enterprise workforce evolves.