Israeli cybersecurity startup Astrix Security has raked in $15m in early-stage funding to develop technology to help firms secure third-party app integrations.
The round was led by Bessemer Venture Partners and F2 Capital. Participating was Venrock and a number of undisclosed angel investors.
Founded in 2021, Astrix claims it is the first access management solution for third-party app integrations. Through agentless, one-click deployment, Astrix is able to allow security teams to instantly see through the fog and detect redundant, misconfigured and malicious third-party exposure to the critical systems.
The company said its technology is capable of providing an immediate investory of all third-party connectivity to enterprise applications, enriched with contextual data for assessment and timely mitigation.
Astrix said, “End users are increasingly weaving third-party integrations and automations into the fabric of their operations to drive enterprise growth and productivity. This angled web of third-party connections to enterprises’ critical systems is largely unmonitored, creating shadow integrations and exposing businesses to a growing attack surface vulnerable to supply chain attacks, data spillage, and compliance violations
Astrix CEO Alon Jackson mentioned the firm was built ‘to fix problems beyond secure access management, adding, ”There are plenty of solutions out there to secure user access management, but none that help organisations secure app-integration access to their critical platforms.”
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
