Astrix Secures $45 Million to Strengthen NHI Security

Astrix Security, a Tel Aviv-based leader in NHI security (non human identity), closed a $45 million Series B funding round led by Menlo Ventures, with participation from Workday Ventures, Bessemer Venture Partners, CRV, and F2 Venture Capital.

NHIs are among the most significant security vulnerabilities in modern enterprise ecosystems. Astrix provides a unified platform that enables enterprises to secure NHIs across IaaS, SaaS, PaaS, and on-premises environments. Its capabilities include real-time discovery of NHIs, risk prioritization, lifecycle management, and automated remediation. These tools address the exponential growth of NHIs, with enterprises managing an average of 20,000 NHIs per 1,000 employees.

The platform also identifies and mitigates risks stemming from over-privileged access, third-party supplier breaches, and suspicious NHI behaviors. By integrating seamlessly into existing security frameworks, Astrix helps organizations secure their interconnected ecosystems without compromising operational efficiency.

Since its Series A funding, Astrix has experienced a fivefold growth in revenue and tripled its team size to support a Fortune 500 client base, including Figma, NetApp, Priceline, and Workday. Industry recognition has followed, with Astrix named a Gartner Cool Vendor in Identity-First Security, a SINET16 Innovator, and one of CRN’s Top-10 Hottest Cloud Security Startups of 2024.

Astrix also recently hosted the first NHI Security Conference in collaboration with the Cloud Security Alliance (CSA), revealing that only 15% of organizations feel confident in their ability to secure NHIs, despite one in five experiencing security incidents involving them.

As enterprises increasingly adopt AI Agents and automated workflows, the need for robust NHI security solutions grows.

The NHI security space has seen significant attention as of late, with startups addressing critical challenges posed by the exponential growth of NHIs. Notable players include Silverfort ($223 million), Oasis Security ($75 million), PlainID ($100 million) and Clutch Security which recently closed a seed funding round. Newer players include Linx Security, Magellanic, Orchid Security and Token Security.

The startup's funding will accelerate their efforts to secure more blind spots, including API keys, service accounts, OAuth tokens, and secrets.