Market analysis reports or announcements from Astrix Security

Astrix Security Secures $45M Series B to Protect Nonhuman Identities, Outnumbering Humans 50:1

Dec 10, 2024, 02:43 PM

Astrix Security has successfully raised $45 million in a Series B funding round aimed at enhancing nonhuman identity protection in the enterprise sector. The funding, led by Menlo Ventures through its Anthology Fund, seeks to address the growing challenges of securing machine identities, which currently outnumber human identities by a ratio of 50:1. This initiative is particularly critical in the context of increasing reliance on artificial intelligence and machine learning technologies, as organizations face blind spots in identity security in an AI-driven environment.