Oasis Security – a leading provider of non-human Identity Management (NIM) solutions – announced that it raised $40 million in funding led by Sequoia Capital, along with Accel, Cyberstarts, and Maple Capital. And Guy Podjarny, founder of Snyk, and Michael Fey, Co-Founder and CEO of Island, also participated in the financing.
The rapidly growing number of non-human identities like service accounts, secrets, API keys, tokens, and certificates deployed in organizations’ hybrid and multi-cloud environments poses a dual security and operational challenge. And non-human identities now outnumber human identities by a factor of 50 to 1, creating a massive attack surface that has become a primary target of malicious actors.
The security risks are compounded as there are ten times on average more non-human identities with broader access privileges to sensitive data than humans. And with more business processes being automated via AI workflows and accessed by machines, organizations must deploy an enterprise-wide non-human identity strategy.
Oasis is the first enterprise platform purpose-built to automate the lifecycle of non-human identities. And Oasis is extremely easy to use and integrates with all the major cloud and on-premise identity sources.
Oasis provides holistic visibility with deep contextual insights on every non-human identity – who owns it, consumes it, what resources it grants access to, and how privileged it is. The built-in Oasis Posture & Remediation Intelligence (PRI) module automatically identifies vulnerabilities, prioritizes the most severe issues, and generates remediation plans, drastically shortening the time to detection and incident resolution.
KEY QUOTES:
“Shifts in infrastructure and workloads have completely changed the identity stack. Non-human identities have grown exponentially and become the weak link in enterprise cybersecurity. The compromise of a single service account or token could allow a malicious actor to delete an entire cloud environment. Traditional human identity and secrets management tools can’t handle the scale and complexity of non-human identities, leaving most organizations flying blind and severely exposed. Oasis delivers a comprehensive yet easy-to-use solution that allows growth and security to go hand-in-hand.”
– Danny Brickman, Co-founder and CEO of Oasis Security
“Oasis has revolutionized our approach to non-human identity management, effectively addressing security challenges that remained unsolved by conventional methods. Their solution has significantly enhanced our security and governance framework, providing us with holistic visibility and lifecycle automation. This represents a new paradigm in non-human identity management, far surpassing the capabilities of traditional legacy systems.”
– Chris Mosteller, Head of Identity Security, JLL
“Identity is the new perimeter, and non-human identity is the gaping hole in that perimeter. We are excited to work with the Oasis team to solve one of the biggest challenges in cybersecurity today. The company has come out of the gate very strong and fast, signing up blue chip customers less than a year after it was founded, which is a testament to the latent demand for such a solution and to this team’s capabilities and commitment.”
– Bogomil Balkansky, partner at Sequoia Capital
“Driven by increasingly fragmented and complex cloud environments, non-human identities have grown exponentially over the past few years. Early on, Danny and Amit spotted this security challenge for CISOs and, since founding Oasis, have seen impressive adoption from large enterprise customers. We feel the team has what it takes to build a large category-defining company and we look forward to the journey ahead.”
– Andrei Brasoveanu, partner at Accel
“Danny and Amit’s journey has been a Cyberstarts textbook process – incredibly talented duo who ventured into entrepreneurship with a resolute mission to address a crucial cybersecurity pain point. Through dozens of dialogues with CISOs and industry leaders, they chose a differentiated approach in the emerging non-human identity security space. It has been a privilege to partner with the Oasis team since their inception, and I look forward to the next chapters of Oasis, building together a lasting cybersecurity business.”
– Lior Simon, General Partner at Cyberstarts
