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Astrix Security Raises $40 Million for Cybersecurity

Astrix Security, app-to-app communication

Astrix Security: app-to-app communication

Astrix Security, an Israeli cybersecurity startup that offers the world’s first app-integration access management solution, raised $25 million in a Series A round of funding led by CRV with participation from existing investors Bessemer Venture Partners and F2 Venture Capital. This new investment brings Astrix’s total funding to almost $40 million to date.

In February 2022, Astrix Security raised $15 million in seed funding.

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.

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Despite the financial instability of the market, Astrix Security has been able to achieve exponential year-over-year growth. This is due in part to their strong customer base, which includes some of the biggest names in the tech industry. Astrix has also been recognized for their innovation, being named a finalist in the 2023 RSA Innovation Sandbox contest.

The company’s recent doubling of headcount is a sign that they are planning for continued growth. They will use this funding to expand their team in both the U.S. and Tel Aviv offices. This will allow them to continue to develop their innovative security solutions and provide their customers with the best possible service.

The discovery of GhostToken is a major coup for Astrix Security. This critical 0-day vulnerability in the Google Cloud Platform could have had a significant impact on businesses if it had not been discovered. Astrix’s research team is clearly world-class, and this discovery is a testament to their expertise.

The company’s focus on security is timely, as the threat landscape continues to evolve. Astrix’s strong customer base is a testament to their reputation for quality. The company’s recent recognition as a finalist in the RSA Innovation Sandbox contest is a major accomplishment.

The doubling of headcount is a sign that Astrix is planning for continued growth.

“We founded Astrix to close a significant and unaddressed security gap, by allowing security teams to extend access management and threat detection to the non-human identity layer,” said Alon Jackson, CEO and co-founder at Astrix Security. “It’s amazing to experience the tremendous adoption by security teams, as well as see Astrix’s capabilities become essential to their every-day security arsenal. We look forward to continuing to expand our capabilities and partnerships, allowing organizations to truly reap the benefits of third-party services, especially Gen-AI apps, without compromising security.”

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