Astrix Security is one of Network World’s 7 network security startups to watch for 2024. Its platform tracks non-human identities across distributed environments and detects any that are over-privileged, redundant or risky.
Astrix at a glance
- Founded: 2021
- What they do: Secure non-human entities (such as API keys, OAuth apps) across networks and clouds
- Funding: $40 million
- Headquarters: Tel Aviv, Israel
- CEO: Alon Jackson
- Competitors include: Aembit, Oasis Security, Natoma, and Token Security
- Customers include: Agoda, Netapp, Workato, Priceline, and Figma
Why Astrix is a startup to watch
Astrix Security contends that non-human identities (NHI), such as API keys, secrets, and service accounts, typically outnumber human identities by a factor of 20 to 1 or more. NHIs receive privileged access to corporate IP and customer data, but as much as 90% of credentials are not protected by existing IAM solutions, despite the fact that 49% of breaches involve stolen credentials.
Astrix argues that attackers have started to consider NHIs as prime targets. Okta, Cloudflare, Microsoft, and Dropbox Sign are just a few of the recent high-profile victims of attacks that involved compromised NHIs.
To counter this problem, Astrix has developed software that secures and manages NHIs across cloud and on-premises environments. Astrix provides a continuous inventory of all NHIs across various environments and detects over-privileged, redundant, and risky ones. Astrix also provides enterprises with advanced non-human ITDR capabilities, detecting and responding to anomalous behavior of NHIs, policy deviations, and supply chain breaches in real-time. Customers can automate remediation through out-of-the-box policies, custom workflows, and enterprise integrations to ITSM/SIEM/SOAR.
The startup has raised $40 million in funding. Its most recent round was a $25 million Series A that closed in June 2023. The round was led by CRV, with additional investments from Bessemer Venture Partners, F2 Venture Capital, Venrock, and Kmehin Ventures.
Astrix Security
Read more about this year’s network security startups to watch
Jeff Vance is the founder of Startup50.com, a site that discovers, analyzes, and ranks tech startups. Follow him on Twitter, @JWVance, or connect with him on LinkedIn.
Source:: Network World