UPDATED 07:00 EDT / FEBRUARY 23 2022

SECURITY

Israeli access management startup Astrix Security launches with $15M in funding

Israeli access management startup Astrix Security Ltd. today launched out of stealth mode with an announcement that it has raised $15 million in funding.

The seed round was led by Bessemer Venture Partners and F2 Capital, with Venrock and more than 20 leading cybersecurity angel investors also participating.

Astrix was co-founded by Chief Executive Officer Alon Jackson and Chief Technology Officer Idan Gour, both cybersecurity experts with experience in the private sector and the Israel Defense Force’s 8200 elite cyber unit. Pitching its offering as the first app-integration access management solution, Astrix assists organizations in unleashing the power of automation and app integrations while keeping the ever-expanding web of third parties under control.

Astrix argues that end users are increasingly weaving third-party integrations and automation into the fabric of their operations to drive enterprise growth and productivity, particularly amid a surge in remote and cloud-based work. But this web of third-party connections to enterprises’ critical systems is largely unmonitored. That creates shadow integrations and exposes businesses to a growing attack surface vulnerable to supply chain attacks, data spillage and compliance violations.

Astrix provides full integration lifecycle management, starting with an immediate inventory of all third-party connectivity to enterprise applications. That’s done with enriched contextual data for unique exposure assessment and precise mitigation.

The platform automatically detects changes and malicious anomalies within third-party integrations and low-code/no-code workflow configurations. Users are provided real-time remediation that helps security teams seamlessly manage shadow integrations with out-of-the-box security policy and enforcement guardrails.

Although only launching out of stealth today, Astrix’s technology is already helping large enterprise customers across finance, travel, human resources and automotive.

“There are plenty of solutions out there to secure user access management, but none that help organizations secure app-integration access to their critical platforms,” Jackson said in a statement. “As security experts, we understand how hard it is for organizations to maintain crucial security controls in highly complex and dynamic environments — particularly with increasing bottom-up adoption of third-party integrations by employees looking to get the job done.”

Image: Asterix Security

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