#None #Cyber Security #Tel Aviv #Token Security #non-human identity

Token Security Raises $20 Million to Secure Non-Human Identities

In a significant move for cyber security, Token Security announced that it has successfully raised $20 million in Series A funding, led by Notable Capital. This funding round also saw participation from existing investors including TLV Partners and notable figures from leading cybersecurity firms like Palo Alto Networks and CrowdStrike. With this latest investment, Token Security’s total funding now stands at $27 million.

This financial boost comes just eight months after the company transitioned out of stealth mode. Token Security, which specializes in protecting non-human identities, has rapidly gained traction since its inception. Its client roster includes major players such as HPE and Hibob, reflecting its effectiveness in the marketplace.

The Growing Challenge of Machine Identities

Recent cyber threats have underscored a concerning trend: hackers increasingly bypass conventional security measures by targeting the automated identities that facilitate business operations. In early 2024, high-profile breaches at Microsoft and Cloudflare illustrated this danger, as attackers compromised machine credentials rather than traditional user accounts. The proliferation of machine identities—ranging from cloud service credentials to automated systems—has escalated dramatically, especially as organizations adopt advanced cloud technologies and AI solutions.

Today, many organizations possess vastly more machine identities than human users, creating numerous potential entry points for cybercriminals. Itamar Apelblat, Co-Founder and CEO of Token Security, emphasized the necessity of robust security for these non-human identities, stating, "Hackers don't break in; they log in."

While enterprises have made strides in securing human identities through tools like multi-factor authentication, the landscape for machine identities remains largely uncharted. Most organizations struggle to track these identities, resulting in extended investigations whenever security risks are identified, thus prolonging exposure to potential breaches.

Token Security's Innovative Solution

Token Security meets this urgent need by allowing organizations to discover, manage, and secure every non-human identity within their infrastructure efficiently. Their platform integrates seamlessly with a company's existing technology stack and identity providers, enabling the mapping of all machine credentials, whether they reside in the cloud, are part of SaaS solutions, or exist on-premises.

Importantly, Token not only highlights the non-human identities but also clarifies who within the organization oversees each identity and its intended function. This link between machine identities and their human custodians facilitates timely resolution of security issues, thereby ensuring a balance between quick development cycles and strong security protocols.

Oren Yunger, Managing Partner at Notable Capital, stated that the rise in machine identities—propelled by the adoption of agentic AI and cloud-native architectures—demands a reimagined approach to managing and securing non-human identities. Token Security is positioned as a leader in this niche, known for its comprehensive and robust product offering.

Conclusion

The explosive growth of cyber threats targeting automated systems has created a pressing need for solutions like Token Security. The company's innovative approach and rapid adoption among clients demonstrate its potential to redefine how enterprises navigate the complexities of machine identity security. With its latest funding, Token Security is poised to continue driving advancements in securing non-human identities, thereby bolstering enterprise-wide cybersecurity measures against evolving threats.

As organizations evolve in their technological capabilities, the focus on securing machine identities will undoubtedly remain a critical element in the broader cyber security landscape.