Linx Security Inc., a startup that helps enterprises secure their employees’ application accounts, launched today with $33 million in funding.

The Tel Aviv-based company raised the capital over two rounds. The initial $6 million raise was led by Cyberstarts, which later returned to co-lead a $27 million investment in Linx together with Index Ventures. Cerca Partners and Knollwood Investment Advisory are also investors along with several executives from the cybersecurity industry.

Unused employee accounts in business applications can pose a cybersecurity risk. If an account is not actively used, malicious login attempts are potentially more likely to go undetected. The more unused login credentials there are in a company’s technology environment, the more opportunities hackers have to launch a cyberattack.  

Linx Security offers a software platform designed to enterprises address such risks. According to the company, its platform can significantly reduce the amount of effort involved in finding and removing unused or risky employee accounts.

“Identity security is one of the urgent cybersecurity pain points organizations struggle to address in today’s fast-paced business environment,” said Linx Security co-founder and Chief Executive Officer Israel Duanis.

Linx finds insecure accounts by collecting data on user access permissions from a company’s technology infrastructure. The company collects the data in an agentless manner, meaning administrators don’t have to install any additional software on their systems to use the platform. After gathering raw technical information about potentially insecure accounts, Linx organizes it into a consistent format to facilitate analysis.

The platform uses artificial intelligence to scan application accounts for cybersecurity risks. According to Linx, its algorithms can automatically map out accounts that should be removed because the employee who used them has left the company. The platform also spots other types of issues, such as unnecessary accounts that belong to current employees but were never used.

Linx visualizes the issues it finds in a dashboard to help administrators prioritize their work. The dashboard displays the number of risks that the platform identifies, ranks them by severity and lists the systems they affect. Administrators also have access to related information such as the number of applications that Linx has scanned for account-related cybersecurity issues.

The company says that its platform can spot vulnerabilities in not only employee accounts but also so-called service accounts. Those are accounts used by applications to interact with one another. A revenue forecasting tool, for example, may require a service account in a marketing database to analyze the purchase logs the database contains.

Linx says several large organizations adopted its platform ahead of its launch today. The company’s installed base spans several markets, including the technology, financial services, real-estate and retail sectors. 

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