The Astrix team | Photo: Eyal Toueg
The Astrix team | Photo: Eyal Toueg

Double Dagger: Astrix Security Emerges From Stealth With $15M Seed Round

The Cybersecurity start-up emerges from stealth with a successful seed round to secure enterprises' expanding web of third-party applications

So far – 2022 is not looking great when it comes to the financial market. The consequences of high global inflation, which made a mark throughout the world, and the series of interest rates hikes that are on the horizon, increase investors’ fears with each passing day.

Nonetheless, in contrast to the general negative sentiment and unwillingness of investors for risk, it seems that at least in terms of the volume of recruitment in the Israeli high-tech companies, there is no significant change. The coming year may not be a record-breaking year like its predecessor, but this one – so far at least – certainly indicates that the high-tech locomotive continues to gallop forward.

Further proof of this, is obtained today with the announcement of another new Israeli start-up that has been unveiled – Astrix Security – who announced a particularly large SEED investment.

Astrix Security is backed by $15M seed funding from lead investors Bessemer Venture Partners and F2 Capital, with participation from Venrock and over 20 leading cyber-security angel investors.

The cybersecurity company provides full integration lifecycle management, starting with an immediate inventory of all third-party connectivity to enterprise applications, enriched with contextual data for unique exposure assessment and precise mitigation.

The platform automatically detects changes and malicious anomalies, provides real-time remediations, and helps security teams to manage shadow integrations.

“As the landscape of cyber threats continues to rapidly evolve, Astrix is pioneering a bold new approach to help companies safely and confidently manage their growing cloud-based ecosystem”

Jonathan Saacks

The company’s pioneering technology is already helping large enterprise customers across industries, including finance, travel, HR, and automotive. “There are plenty of solutions out there to secure user access management, but none that help organizations secure app-integration access to their critical platforms,” said Alon Jackson, CEO and Co-Founder of Astrix.

“As security experts, we understand how hard it is for organizations to maintain crucial security controls in highly complex and dynamic environments — particularly with increasing bottom-up adoption of third-party integrations by employees looking to get the job done.

We built Astrix to equip security leaders with a platform to help them transform from connectivity gatekeepers to growth partners, and we are looking forward to embarking on this journey with them.”

“We stated at Bessemer State of Cloud 2021 that Covid-19 more than doubled the rate of digital transformation across different vertical industries. This new digital world consists of different application integrations and automation which are defining the modern enterprise environment.

Astrix Security is the first solution that enables organizations to secure these critical connections while allowing them to make the most of their ever-expanding third-party integrations,” said Amit Karp, Partner at Bessemer Venture Partners.

“We’re thrilled to invest in Astrix, which is growing fast and receiving a strong pull from the market, and join them on their journey building the first integration access management solution and defining a new category essential for this modern, hyper-connected world.”

Astrix was co-founded by Alon Jackson, CEO, and Idan Gour, CTO, both award-winning cyber security experts with leadership experience in the private sector and the Israel Defense Force’s 8200 elite cyber unit. The Astrix team is comprised of uniquely experienced subject matter experts.

“As the landscape of cyber threats continues to rapidly evolve, Astrix is pioneering a bold new approach to help companies safely and confidently manage their growing cloud-based ecosystem,” said Jonathan Saacks, Managing Partner at F2 Venture Capital.

“We’re proud to align with Astrix’s team of uniquely trained experts as they make headway protecting enterprises against one of the fastest-growing threats in 2022 and beyond.”

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