Oasis Security, a leading provider of non-human identity management (NHIM) solutions, announced that it has raised a Series A Extension of $35 million just three months after emerging from stealth. The funding round was co-led by existing investors Accel, Cyberstarts, and Sequoia Capital, doubling the company’s Series A valuation. To date, Oasis has raised a total of $75 million.
The rapid growth of non-human identities used for workload-to-workload access, including system accounts, secrets, keys, and tokens, has created a new attack vector that malicious attackers exploit with increased efficacy, which leads to harmful results. The recent breaches involving prominent and security-aware organizations like Microsoft, Cloudflare, Sisense, and Mercedez-Benz highlight the risks and the need for an effective and robust strategy for NHI governance.
Oasis offers the most comprehensive enterprise platform for managing and securing Non-Human Identities. The platform was designed to meet the unique requirements of NHI Management, making it simple and efficient to secure NHIs at scale.
Customers achieve contextual visibility in minutes by connecting Oasis to their environment without the need for agents. Oasis’ built-in analytics continuously observe how NHIs are used, offering operators critical information on owners, consumers, accessed resources, privileges, and risk posture based on customizable policies.
For each identified issue, Oasis shortens the time to resolution by generating a severity score for prioritization and by providing tailored remediation action paths that automate task and orchestrate response across teams.
Oasis plans to utilize the new funds to invest in its R&D and Go-To-Market functions, accelerating the execution of its ambitious product roadmap and bringing its platform to more organizations.
KEY QUOTES:
“We are witnessing an unprecedented identity security crisis where non-human identities are at the epicenter, with severe business repercussions for many organizations. Security and identity teams are left alone in uncharted territory, as other tools lack the ability to provide holistic visibility, posture, and governance of NHIs across the hybrid cloud. In recent months, the market validated the need for a new approach that solves this critical issue, resulting in robust business momentum for us at Oasis. We are excited for the vote of confidence expressed by our investors and are thrilled to continue changing the paradigm of identity management accelerating our product development.”
- Danny Brickman, Co-Founder and CEO, Oasis Security
“As non-human identities begin to dramatically outnumber human ones, enterprise security teams need to tackle this new threat vector with urgency. The Oasis team has built the leading platform for non-human identity management and it is seeing tremendous response from customers. We’re excited to double down on our commitment to Oasis as they establish themselves as the leaders in this important market.”
- Bogomil Balkansky, partner at Sequoia Capital
“Danny and Amit spotted the security challenges CISOs were set to face with the rise of AI and automation early on. The enterprise-grade platform the team has built, automating the lifecycle of non-human identities, has gained impressive traction over a short period of time and we’re excited for what lies ahead.”
- Andrei Brasoveanu, Partner at Accel
“Danny and Amit embarked on a growth journey with the grand vision of rethinking identity governance. They observed how the significant shift to the cloud and rapid adoption of AI have crowned non-human identities as the largest attack surface for organizations, in a way that poses substantial risks due to inadequate management and security measures. In recent months, the team has supported a rapidly expanding customer base, including several Fortune 500 companies, with a straightforward solution that delivers immediate value. Cyberstarts is excited to collaborate closely with Oasis on this journey of continuous growth.”
- Lior Simon, General Partner at Cyberstarts
