Oasis Security, which develops non-human identity management (NIM) solutions, announced on Wednesday that it raised a $35 million Series A led by Sequoia Capital, alongside Accel, Cyberstarts and Maple Capital. Guy Podjarny, founder of Snyk and Michael Fey, Co-Founder and CEO of Island, also participated in the financing.
Oasis took its total funding to date to $40 million and plans to recruit dozens of employees in addition to its current headcount of 45. The company completed the funding round back in August, but decided to postpone the official announcement due to the outbreak of the War on October 7th.
Founded by CEO Danny Brickman and CPO Amit Zimerman, Oasis aims to solve the security gap created by the rapidly growing number of non-human identities – such as service accounts, secrets, API keys, tokens and certificates – deployed in organizations’ hybrid and multi cloud environments. Non-human identities now outnumber human identities by a factor of 50 to 1, creating a massive attack surface that has become a primary target of malicious actors.
Oasis’ platform solves this critical security challenge by automatically discovering all non-human identities across all environments, providing visibility, risk assessment with vulnerability auto-remediation and simplifying secret management compliance.
“Shifts in infrastructure and workloads have completely changed the identity stack. Non-human identities have grown exponentially and become the weak link in enterprise cybersecurity,” said Danny Brickman, Co-founder and CEO of Oasis Security. “The compromise of a single service account or token could allow a malicious actor to delete an entire cloud environment. Traditional human identity and secrets management tools can’t handle the scale and complexity of non-human identities, leaving most organizations flying blind and severely exposed. Oasis delivers a comprehensive yet easy-to-use solution that allows growth and security to go hand-in-hand.”
