Identity firm Token Security has raised $7 million while announcing it has emerged from stealth mode.
The seed round was led by TLV Partners and SNR, along with multiple angel investors, including Shlomo Kramer, who is described as a founding father of cybersecurity in Israel.
Noting that firms must manage a growing number of identities, including machine identities, Token Security aims to streamline identity management tasks. As security breaches increase, Token Security aims to improve visibility and continuous threat exposure management by introducing what is said to be a machine-first approach.
Token Security explains that it shifts away from legacy approaches by starting with machines and keeping track of who has access to them and for what purpose. Its platform is described as integrating existing infrastructure and triages data to evaluate and prioritize threat detection.
Token Security co-founder & CEO Itamar Apelblat says attacks are impacting many firms including big ones like Cloudflare and Microsoft.
“Legacy solutions deal with on-premise identities, which are mostly human. In the cloud and GenAI era though, identities are no longer human only, and they’re not in one place – they are all over the place.” Applblat states the hackers don’t break in; they log in.
Apelblat co-founded Token Security with CTO Ido Shlomo. They previously held key leadership roles in the Israeli Intelligence Corps Unit 8200 and have experience in startups and corporations.
Token Security supports all major infrastructure platforms – AWS, Azure, Google Cloud, Kubernetes and Snowflake.
At the same time, Token Security integrates with many identity providers, source code repositories, and secrets managers. The company claims that it is already working with Fintech, Cybersecurity, Insurtech, and e-commerce companies ranging from mid-market to Fortune 500.
“We have witnessed the evolution of security to Identity-first security. But today, machine-to-machine communication is the norm”, said Rona Segev, co-founder and Managing Partner at TLV Partners. “Al creates new services with new identities, connections, and permissions even with no humans in the loop. Organizations need to meet a seemingly impossible demand to sit firmly on two boats. They need to minimize security risks without jeopardizing operational integrity.”