Israeli startup Astrix Security, the world’s first app-integration access management solution, launched from stealth today with $15 million in seed funding.
Investors include Bessemer Venture Partners, F2 Capital, as well as Venrock, and more than 20 notable cybersecurity angel investors.
End users are increasingly incorporating third-party app-to-app communication integrations and automation into the fabric of their operations in order to boost enterprise growth and efficiency, particularly as remote and cloud-based work increases.
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However, this tangled web of third-party connections to vital enterprise systems is usually unmonitored, resulting in shadow integrations and exposing firms to an expanding attack surface susceptible to supply chain attacks, data leakage, and compliance violations. This type of destructive cybersecurity attack has increased in recent years, with attacks on SolarWinds, Codecov, Waydev, and, most recently, the Red Cross.
Astrix Security was founded in Tel Aviv in 2021 by Alon Jackson, CEO of Astrix, and Idan Gour, CTO. Both are award-winning cyber security specialists with leadership experience in the commercial sector and the Israel Defense Force’s elite cyber unit, 8200.
“While there are numerous solutions for securing user access management, none assist enterprises in securing app-integration access to their essential platforms,” Alon Jackson, CEO, and Co-Founder of Astrix explained.
“As security professionals, we realize how difficult it is for enterprises to maintain critical security controls in highly complex and dynamic environments — all the more so in light of the growing bottom-up use of third-party integrations by employees seeking to complete tasks.”
Astrix manages the whole integration lifecycle, beginning with an immediate inventory of all third-party connectivity to corporate systems, enriched with contextual data for risk assessment and mitigation that is specific to each situation.
The platform detects changes and malicious anomalies in third-party integrations and low-code/no-code workflow configurations automatically, provides real-time remediation, and assists security teams in managing shadow integrations seamlessly using out-of-the-box security policy and enforcement guardrails.
The company’s technology is already assisting customers in a variety of industries, including finance, travel, human resources, and automotive.
