Astrix Security, an Israeli firm that specializes in safeguarding app-to-app interactions, announced on Wednesday its success in securing $25 million in Series A funding.
This investment round, bringing Astrix’s total capital raised to nearly $40 million, was spearheaded by CRV and saw active participation from Bessemer Venture Partners and F2 Venture Capital.
The acquired funds are set to be utilized to enhance the company’s existing platform and to bolster Astrix’s expansion within the United States and Israel.
Astrix Security has conceived a platform that empowers businesses to uncover and tackle precarious or harmful application connections — referred to as non-human identities and connections — that could leave them susceptible to data violations and supply chain attacks.
Astrix achieves this by persistently identifying connections between core systems and internal and third-party applications, alongside the monitoring of API keys, access tokens, service accounts, and other such elements.
When a questionable connection is detected, including anomalies, unnecessary apps and keys, unsafe practices, configuration errors, and malevolent third-party connections, customers are promptly alerted.
Astrix then assists organizations in rectifying the identified problems through automated workflows that can be amalgamated with existing IT management tools. Additionally, the platform aids customers in maintaining a comprehensive record of each access token.