Token Security, a leader in non-human identity security, announced $20 million in Series A funding led by Notable Capital, with participation from existing investor TLV Partners and executives from cybersecurity companies like Palo Alto Networks, CrowdStrike, Check Point, and Venafi. This funding round comes only eight months after the company emerged from stealth, bringing the total funding to $27 million. Token also saw rapid adoption since its launch, with customers including HPE and Hibob.
Recent cyberattacks have shown a dangerous new trend – hackers bypass traditional security by targeting the automated systems that keep modern enterprises running. As state-sponsored attackers breached Microsoft and Cloudflare last year rather than going after employee passwords and accounts, the attackers compromised machine credentials instead. These machine identities — from cloud service credentials to automated system accounts — have been multiplying rapidly as organizations embrace modern cloud architectures and as AI agents become a part of the daily workforce. A typical enterprise now has orders of magnitude more machine identities than human users while creating countless potential entry points for attackers.
Token Security also solves this challenge by helping organizations discover, manage, and secure every non-human identity across their infrastructure. And the platform integrates with a company’s entire technology stack, including existing identity providers, to map all machine credentials, whether cloud-based, SaaS solutions, or on-prem.
Then, it automatically pinpoints who in the organization is responsible for each and how the identity is being used. This connection between non-human identities and their human owners ensures swift remediation of security issues while maintaining rapid development and innovation.
KEY QUOTES:
“Hackers don’t break in; they log in. Enterprises have done a good job securing human identities with things like multi-factor authentication, but automated systems are different. Any enterprise can pull up a list of their employees in seconds and track who has access to what. But ask them about their machine identities, and most can’t even tell you how many they have, let alone what they’re doing. When security teams identify a potential risk, figuring out who’s the human owner behind the automated process and what it’s supposed to be doing turns into a lengthy investigation that delays critical fixes and leaves systems exposed.”
– Itamar Apelblat, Co-Founder and CEO of Token Security
“The explosion of machine identities, accelerated by agentic AI adoption and cloud-native architectures, has created an urgent need for a new approach to manage and secure non-human identities. Token Security has emerged as the clear leader in this emerging space with the most robust and holistic product approach. Having invested in category-defining companies like HashiCorp, we recognized immediately that Token’s machine-first approach and exceptional team were building exactly what the market needed. This is evident in how quickly leading CISOs have embraced Token. The company’s remarkable traction and exceptional execution position it to reshape how enterprises secure the rapidly expanding machine identity landscape.”
– Oren Yunger, Managing Partner at Notable Capital
