Astrix Security recently announced a major step forward in its mission to safeguard the critical layers of modern enterprise infrastructure by securing an impressive $45 million in Series B funding. This funding round, led by Menlo Ventures and supported by Workday Ventures, Bessemer Venture Partners, CRV, and F2 Venture Capital, highlights the industry’s recognition of Astrix as a trusted solution for protecting non-human identities (NHIs) such as API keys, service accounts, and other machine-based credentials that are increasingly at risk in contemporary operational environments. With this injection of capital, Astrix aims to widen its capacity to deliver robust security measures and control across dynamic ecosystems, ensuring that trusted access persists even as organizations embrace the next generation of workforce automation and intelligent systems.
The evolution of workforces now sees “virtual employees” playing a greater role, as Gartner forecasts that by 2028 at least 15% of day-to-day work decisions will be carried out autonomously by agentic AI. This shift redefines fundamental assumptions about identity and access management and puts NHIs at center stage. Unlike human employees, whose access rights and responsibilities are typically well-governed and monitored through familiar frameworks, NHIs have long been a blind spot in organizations’ security postures. High-profile cyberattacks targeting Microsoft, Okta, and others have exposed this vulnerability, underscoring the urgent need for enterprises to seek more efficient, holistic solutions to protect machine-based credentials. As the adoption of AI agents and automated processes accelerates, ensuring the integrity and security of NHIs is no longer optional; it is a critical component in defending essential systems and sensitive corporate data.
Astrix Security’s approach involves more than simply identifying and managing permissions. Since its inception, the company has been focused on evolving the entire landscape of NHI security, ensuring that as agentic AI becomes ever more integral to daily operations, trust and safety remain paramount. CEO and Co-founder Alon Jackson emphasizes that the time for effective and unified NHI governance is now, with the rapid proliferation of APIs, secrets, and service accounts making it imperative that the solutions of tomorrow not only meet today’s demands but anticipate future challenges. Supported by Menlo Ventures’ Anthology Fund, an initiative launched in strategic partnership with Anthropic, Astrix’s work stands out for its dedication to securing non-human identities in a world where the boundaries between human and automated workflows continue to blur. By fortifying all types of digital credentials—human or otherwise—Astrix is helping to redefine what robust security looks like in the era of intelligent systems and AI-driven decision-making.
This forward-thinking approach resonates with a growing client base that includes organizations such as Figma, Netapp, Priceline, and Workday, Inc. Since its Series A funding only a year ago, Astrix has grown fivefold, tripled the size of its team, and rapidly expanded its Fortune 500 roster. In recognition of its achievements, Astrix has earned distinctions as a SINET16 Innovator 2024, a Gartner Cool Vendor in Identity-First Security, and an RSA Innovation Sandbox finalist in 2023. During the inaugural Non-Human Identity Security Conference hosted by Astrix and the Cloud Security Alliance, industry experts highlighted the severity of the challenge at hand: one in five organizations reported experiencing NHI-related security incidents, yet only 15% expressed confidence in their ability to adequately secure their machine-based identities. Astrix’s agentless approach meets this challenge head-on, empowering security teams to discover and visualize all their NHIs in a single interface. Through the swift detection and remediation of over-privileged or malicious access, organizations gain the capability to prevent exploitation and maintain a state of resilient security.
Workday Ventures, a participant in the recent Series B round, aligns closely with Astrix’s vision and underscores the importance of robust and adaptive security frameworks in a future where interconnected systems and artificial intelligence become intrinsic to daily enterprise operations. By providing a scalable, innovative platform that streamlines the protection of non-human identities, Astrix answers the urgent call to defend the modern enterprise’s evolving workforce, where humans and AI-driven entities coexist and collaborate. The newly secured funding and broadening support from leading investors mark an inflection point for Astrix as it stands at the forefront of an entirely new security frontier, poised to guide enterprises with clarity, confidence, and trust into the next era of work.
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