Token Security raises $20M Series A to combat rising machine identity threats
Token Security raises $20M Series A to combat rising machine identity threats
The company’s platform integrates across tech stacks to manage and secure cloud, SaaS, and on-prem machine credentials.
Token Security, which develops non-human identity security solutions, has raised $20 million in Series A funding led by Notable Capital, with participation from existing investor TLV Partners, and executives from leading cybersecurity companies like Palo Alto Networks, CrowdStrike, Check Point, and Venafi. The round comes just eight months after the company emerged from stealth, bringing total funding to $27 million. Token customers include HPE and Hibob.
Token Security helps organizations discover, manage, and secure every non-human identity across their infrastructure. The platform integrates with a company’s entire technology stack, including existing identity providers, to map all machine credentials, whether they are cloud-based, SaaS solutions, or on-prem. It then automatically pinpoints who in the organization is responsible for each, and how the identity is being used.
“Hackers don't break in; they log in,” said Itamar Apelblat, Co-Founder and CEO of Token Security. “Enterprises have done a good job securing human identities with things like multi-factor authentication, but automated systems are different. Any enterprise can pull up a list of their employees in seconds and track who has access to what. But ask them about their machine identities, and most can't even tell you how many they have, let alone what they're doing. When security teams identify a potential risk, figuring out who’s the human owner behind the automated process and what it's supposed to be doing turns into a lengthy investigation that delays critical fixes and leaves systems exposed.”
Apelblat founded the company with CTO Ido Shlomo who have worked together for more than 15 years in some capacity. They previously held key leadership roles in the Israeli Intelligence Corps Unit 8200 and have both startup and corporate experience.
