Token Security emerged from stealth mode and launched its machine-first identity security platform. The company also announced $7 million in Seed funding led by TLV Partners with participation from SNR and a range of angel investors, including Shlomo Kramer, one of the founding fathers of cybersecurity in Israel.
Organizations have been facing an identity crisis. And the rapid growth of cloud and microservice architectures has brought about an explosion in machine identities. The typical enterprise has 45x more machine identities than human ones, and the number of identities has doubled in the last three years. Keeping track of these identities is a challenging task and securing them seems next to impossible.
Even though there is no lack of solutions for identity management, legacy human-centric approaches fall short of offering a solution for today’s modern architectures. The volume of identities for services, workloads, microservices, functions, and now Al-generated identities is growing at an unprecedented rate. With most data breaches coming from identity compromises, identity and access management (IAM) is the cornerstone of security. Token Security introduces the machine-first approach to provide visibility and continuous threat exposure management to the identity boom era.
Legacy solutions are human-centric and build a list of employees and contractors and check access to systems against it. And this approach cannot keep up with the surge in identities, leading to dangerous exposure. And Token Security turns this approach on its head, starting with machines and keeping track of who has access to them and for what purpose. This platform integrates existing infrastructure and triages data to extract context, evaluate and prioritize threat detection.
Apelblat co-founded Token Security with CTO Ido Shlomo. Apelblat and Shlomo have worked together for more than 15 years on both sides of the fence. Apelblat, a second-time entrepreneur, specializes in defensive measures, and Shlomo in offensive cyber operations. They also previously held key leadership roles in the Israeli Intelligence Corps Unit 8200 and have startup and corporate experience.
Token Security also supports all major infrastructure platforms: AWS, Azure, Google Cloud, Kubernetes and Snowflake. And Token’s platform integrates with leading identity providers, source code repositories and secrets managers, utilizing additional data for context analysis without obstructing developer workflows. Token Security is also already working with financial technology, cybersecurity, insurance technology, and e-commerce companies ranging from mid-market to Fortune 500.
KEY QUOTES:
“Identity-based attacks are the number one attack vector, affecting even the likes of Microsoft and Cloudflare. Legacy solutions deal with on-premise identities, which are mostly human. In the cloud and GenAI era though, identities are no longer human only, and they’re not in one place – they are all over the place.”
– Token Security Co-Founder & CEO Itamar Apelblat
“We take the security organization all the way from being in the dark to remediating real risks and cutting down exposures to a minimum. We discover, inventory, and standardize data across IAM repositories. We cluster identities, credentials, and entitlements for different teams – Engineering, DevOps, Data engineers, SREs, and more. We prioritize the most critical identities and their vulnerabilities and reduce risk using remediation capabilities.”
– Token Security CTO Ido Shlomo
“We have witnessed the evolution of security to Identity-first security. But today, machine-to-machine communication is the norm. Al creates new services with new identities, connections, and permissions even with no humans in the loop. Organizations need to meet a seemingly impossible demand to sit firmly on two boats. They need to minimize security risks without jeopardizing operational integrity.”
“Now Token Security is taking the next step in the evolution towards Machine-first-Identity security with a platform built to keep CISOs informed and software companies productive. We expect them to win over both crowds, and disrupt a highly competitive market.”
– Rona Segev, co-founder and Managing Partner at TLV Partners
