Machine-to-machine communications startup Corsha Inc. announced today that it has raised $18 million in new funding to expand go-to-market efforts, launch Corsha Labs and enhance its machine identity platform with artificial intelligence-driven behavioral and adaptive access controls for securing machine-to-machine communication.

Founded in 2017, Corsha offers solutions designed to integrate seamlessly into various environments, including cloud-native and on-premises infrastructures. The company’s offerings include Corsha Cloud, a managed service platform and Corsha Enterprise, a self-hosted solution, both aimed at providing zero-trust security for application programming interfaces and machines.

The company’s solutions seek to assist companies in managing machine identities and requirements, such as the need for a machine identity provider to authenticate, manage and govern the rapidly growing traffic between machines. Corsha argues that current legacy systems that connect with modern cloud-native systems introduce risks to machine-to-machine communication, particularly in operational technology and critical infrastructure environments.

Corsha addresses the challenge by syncing with traditional ID providers such as EntraID, Amazon IAM and Keycloak to build and manage dynamic machine identities, while also bringing multifactor authentication to machines and securing and auditing M2M connections across operational technology and cloud environments. Through its Machine Identity Provider service, Corsha says, it ensures that all machine-to-machine communication anywhere across an organization is secure and can be trusted.

“There’s such a huge modernization opportunity in connecting operational systems and critical infrastructure, yet without a strong identity solution, the risk is too high,” said founder and Chief Executive Anusha Iyer. “That is why we are so committed to our vision to securely connect the operational systems that run our world, delivering the first IdP focused on machines.”

Corsha says its annual recurring revenue doubled over the last year, though it didn’t provide absolute numbers. The company has also gained authorization to operate with the U.S. government in critical manufacturing environments.

SineWave Ventures led the Series A-1 funding round, with Razor’s Edge Ventures and Ten Eleven Ventures also participating.

“As machines begin to outnumber humans as actors on operational networks and the cloud, Corsha’s ability to securely identify these non-human actors and control their access to systems and data enables exciting new ways to securely get things done,” said Pat Muio, a partner at Sinewave Ventures. “It is a solution that is urgently needed.”

Photo: Corsha