Thanks to the growth of the cloud and AI, the number of machines' identity is booming. And by providing more entry points to hackers, we have raised actual security issues. For example, Hack of the 2023 authentication app OKTA, using a service account in 2024, disclosed major hacking based on an old test account.
The creation of TOKEN SECURITY was truly caused by this kind of security risk. In my previous job, itamar Apelblat discovered that the old service account of the contractor still could be fully accessible throughout the organization. When Apelblat, the CEO of token security, talked about the case with his friend with his friend about the incident, he agreed that it was important to work on this kind of non -human account.
The startup told TechCrunch that the token security, which appeared from stealth earlier this year and was established in 2023, was raising $ 20 million with Series A. A prominent capital (former GGV Capital) has led a round, participating from the TLV partner and the palo -alault network, cloud strike, checkpoint executives, bringing the total funds of tokens to $ 27 million.
According to the token security, the platform supports the entire company's technical stack, automatically identifies the mechanical identity, who is responsible, and catches potential violations before the customer occurs. Masu. Techcrunch, who counts HPE as one of the customers, says that most incidents have helped us to prevent outdated or excessive internal access to qualifications.
An important factor in promoting the growth of machine identity security is that these types of accounts may be much more vulnerable to hackers than human accounts. After all, people who leave the company usually have a clear off -boarding process of login qualification information. However, do not pass such types of accounts for a specific project or an account that is aimed at sharing various contractors.
“The hackers do not enter. They log in,” Apelblat told Techniccrunch. “Companies have been doing good jobs to secure human identity by multi -factor authentication, but the automated systems are different.”
The co -founder of the startup met in the Israeli unit 8200 military information unit. This is a multifaceted source of cyber security startups like Wiz, SNYK, and APIIRO, and has several examples.
Apelblat worked on a defensive security in the unit, and SHLOMO led the aggressive side of the nation -state actor. In other words, they are actually involved in the technology of the enemy's country, collecting intelligence and confusing operations.
“Itamar and I met when he helped him to connect his boot racing 16 years ago. The first day was adopted for 8200 units,” Schlomo told TechCrunch. 。 “Since then, we have experienced the venture of Army service, universities, and entrepreneurs together, so we can hardly separate it.”
The identity security of the machine is a cyber hot field. Last year, Israeli's oasis appeared from stealth for $ 40 million to address similar issues. The biggest contract in this space also occurred in 2024 when Cyber Arc in Israel gained $ 1.54 billion of US company Benafi.
The token accusation says that Aper Brat will move there and use new funds to relocate the headquarters from Israel to the United States. (The United States has a much larger enterprise security market than Israel.) The company will also use funds to expand the platform AI security function and expand executive teams.