Linx Security, a trailblazer in the field of identity security and governance, has officially come out of stealth mode, announcing a substantial $33m in funding.
This financial backing was led by Index Ventures and Cyberstarts, with contributions from seasoned entrepreneurs Mickey Boodaei and Rakesh Loonkar, alongside Cerca Partners and Knollwood Investment Advisory.
The company, founded in 2023 by Israel Duanis and Niv Goldenberg, is set to redefine the approach to securing and managing identities across increasingly complex digital environments. Duanis, the CEO, has a rich background in cybersecurity, including co-founding Fleetonomy, which was acquired by Via in 2020. Goldenberg, serving as CPO, brings experience from his time as VP Product at Transmit, a company known for doubling its ARR under his tenure.
Linx Security is dedicated to revolutionizing how organizations handle identity security, a pressing issue underscored by statistics from recent reports such as the 2024 Verizon DBIR and the Identity Defined Security Alliance. These reports highlight the critical and growing challenge of identity-related breaches, which affect a majority of organizations.
Israel Duanis, CEO of Linx Security, said, “Identity security is one of the urgent cybersecurity pain points organizations struggle to address in today’s fast-paced business environment.
“Our platform empowers organizations to navigate the complexities of identity security and governance with confidence, ensuring they stay ahead of evolving threats and regulatory requirements.”
The company’s technology is designed to close the gaps left by traditional identity security tools. By mapping relationships between users and their access rights, and employing advanced analytics and automation, Linx Security significantly reduces organizational attack surfaces and improves compliance and operations.
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