Identity security startup Linx nets $27M Series A from Index, Cyberstarts, and Wiz founders
Identity security startup Linx nets $27M Series A from Index, Cyberstarts, and Wiz founders
The Israeli startup's technology maps and monitors the relationships between users, their identities, and the access and permissions they have to company data and resources, and uses advanced analytics and automation to enable organizations to shrink their attack surface.
Linx Security, which develops identity security and governance solutions, announced on Monday that it has raised $27 million in Series A funding. The round was led by Index Ventures and Cyberstarts, with investors also including entrepreneurs Mickey Boodaei (Imperva, Trusteer, Transmit), Rakesh Loonkar (Trusteer, Transmit), Assaf Rappaport, and Yinon Costica (Wiz, Adallom), as well as Cerca Partners and Knollwood Investment Advisory.
The company, which employs 25 people in Israel and the U.S., took its total funding to date to $33 million.
Linx Security's technology maps and monitors the relationships between users, their identities, and the access and permissions they have to company data and resources, and uses advanced analytics and automation to enable organizations to shrink their attack surface, achieve compliance, and streamline operations across the entire lifecycle of users and identities.
Linx was founded in 2023 by Israel Duanis (CEO) and Niv Goldenberg (CPO). Both Israel and Niv are experienced cybersecurity executives who met during their service in the IDF’s Unit 8200. Before founding Linx, Israel co-founded Fleetonomy, an AI-driven fleet management solutions platform, which was acquired by Via in 2020. He also led the threat prevention line of business at Check Point. Niv’s last role before co-founding the company was VP Product at Mickey Boodaei’s Transmit, which during Niv’s tenure doubled its ARR. He also previously worked at Adallom with the Wiz founders and later at Microsoft after it acquired the Israeli startup.
"The field of identities is one of the most important for companies,” Duanis told Calcalist. “The companies that have controlled identities until now were built when identity was a governmental domain. We talk about identity in a different way. When you look at the new wave of companies, some are looking at automation, entry through non-human identities, we are going after the most difficult problem, which is people management, building a platform that will cover the whole issue of identities for people who move through the organization.
"The latest fundraising came as a result of investors' trust in the team and the fact that we brought in customers very quickly. This is an existing market. We are not educating a market but creating a solution for an existing market," added Duanis.
