Token Security, a leader in non-human identity security, has announced a $20 million Series A funding round, led by Notable Capital, with additional participation from existing investor TLV Partners, and executives from top cybersecurity companies including Palo Alto Networks, CrowdStrike, Check Point, and Venafi. This funding brings the company’s total funding to $27 million, just eight months after emerging from stealth. Token Security has already gained rapid adoption, with notable customers like HPE and Hibob.
- Emerging Threat: Attacks on Machine Identities
- New Cyberattack Trends: Cyberattacks are shifting focus from human accounts to automated systems. Hackers are now bypassing traditional security to target machine credentials.
- Case Studies: In early 2024, state-sponsored attackers breached Microsoft and Cloudflare, targeting machine identities instead of employee accounts.
- Impact of Cloud and AI Adoption: The rise of cloud services and AI agents has led to an explosion in machine identities, with organizations managing far more machine identities than human users, creating numerous potential vulnerabilities.
- Token Security’s Solution
- Core Functionality: Token Security helps organizations discover, manage, and secure machine identities across their entire infrastructure, including cloud-based and on-prem systems.
- Integration and Automation: The platform integrates with existing identity providers and maps machine credentials, pinpointing responsible human owners and usage patterns.
- Efficient Remediation: This mapping ensures quick remediation of security issues without hindering innovation, allowing organizations to respond faster to threats.
- Expert Insights on Token Security’s Growth and Potential
- CEO Perspective: Itamar Apelblat, CEO of Token Security, highlights the difference between human and machine identities, noting the challenge in tracking machine identities and the delay in fixing security vulnerabilities.
- Investor Comments: Oren Yunger, Managing Partner at Notable Capital, emphasizes Token Security’s leadership in the emerging field of non-human identity security, recognizing its holistic approach and exceptional execution.
- Market Recognition: Leading CISOs have quickly embraced Token Security, which has been praised for its rapid traction and robust product offerings.
With its innovative platform, Token Security is addressing a critical gap in enterprise cybersecurity—securing non-human identities. As businesses continue to adopt cloud-native technologies and AI-driven systems, the importance of managing machine identities will only grow. Token Security’s approach is well-positioned to meet this rising demand, providing enterprises with the tools they need to safeguard their infrastructure from evolving threats.
