Oasis Security announced that it has raised $120 million in a Series B funding round led by Craft Ventures, with participation from Cyberstarts, Sequoia Capital, and Accel, bringing the company’s total funding to $195 million. The raise reflects increasing demand for new approaches to access management as AI agents become more deeply embedded across enterprise infrastructure.
Founded in 2022, Oasis Security focuses on securing non-human identities and enabling what it calls Agentic Access Management, a framework designed to govern how AI agents and machine identities interact with enterprise systems. The company’s platform is built to address the growing imbalance between human and machine identities, with machine identities now significantly outnumbering humans in enterprise environments.
Over the past year, Oasis has experienced rapid growth, with new annual recurring revenue increasing fivefold year over year. The company primarily serves large enterprises, with a majority of its customers coming from the Fortune 500. Much of its new revenue is driven by multi-year enterprise agreements, positioning Oasis as a core layer within customer identity and access infrastructure.
The Oasis platform introduces intent-based, just-in-time access for AI agents and machine identities. It evaluates system behavior in real time and grants only the permissions required to complete specific tasks, eliminating standing permissions and reducing security risk. The platform also provides unified policy control and operates across infrastructure environments, enabling organizations to scale AI deployments without compromising governance or visibility.
The new funding will be used to accelerate research and development of the company’s Agentic Access Management platform, expand integrations across AI agent frameworks and enterprise systems, and scale global go-to-market operations.
KEY QUOTES
“Cybersecurity is defined by how we protect against abnormal and risky events. In the era of AI, that definition is being reshaped by access. Agent value is defined by access, and so is modern risk. Every organization deploying AI agents is taking on access risks they can’t yet see. Oasis was built to change that. We’re seeing this play out across our customer base: the organizations scaling AI fastest are the ones who treated access as a foundational requirement, not an afterthought. That’s the problem Oasis was built to solve.”
Danny Brickman, CEO of Oasis Security
“AI is reshaping enterprise infrastructure, and access has become one of the most important control layers in that transition. As AI agents proliferate, organizations need a fundamentally new approach to managing non-human identities and agentic access. Oasis has emerged as the clear leader in this category, and we are proud to partner with Danny, Amit, and the team as they build the platform defining access management for the agentic era.”
Michael Robinson, Partner at Craft Ventures
