Enterprise

Oasis Security leaves stealth with $40M to lock down the wild west of non-human identity management

Comment

3D rendered depiction of a digital avatar
Image Credits: DKosig / Getty Images

When people hear the term “identity management” in an enterprise context, they typically think of apps that help users authenticate who they are on a network in order to access certain services. In a security context, however, human users are just the tip of the iceberg when it comes to managing access and making sure it doesn’t get breached.

A whole, considerably more complex, universe of machine-based authentications underpin how just about everything IT works with everything else — a universe that is arguably considerably even more vulnerable to hacking simply because of that size and complexity, with some 50 “non-human” identities for every human typically in an organization, and sometimes more. Today, a startup out of Israel called Oasis Security is emerging from stealth with technology that it has built to address this.

It’s coming out of stealth only today but has already raised funding and acquired customers while still under the radar. The fast-casual food chain Chipotle, property firm JLL and Mercury Financial are among its early users.

The funding, meanwhile, speaks to the early enthusiasm from investors. Led by Sequoia (specifically Doug Leone and Bogomil Balkansky); Accel, Cyberstarts, Maple Capital, Guy Podjarny (founder of Snyk) and Michael Fey (co-founder and CEO of enterprise browser startup Island) also participated across two different rounds that are being announced today: a $5 million seed and a $35 million Series A.

Sidenote on the funding: One investor mentioned Oasis to me months ago, describing the jockeying among VCs to back the still-unlaunched Oasis as an “incredible frenzy.”

The crux of what Oasis is tackling is the fact that non-human identity — which covers not just how two apps may interact together by way of an authentication, but also how two machines or any processes might work in tandem in an organization — may have become an amorphous but essential aspect of how modern businesses work today. But because so much of it does not involve people at all, there is a strong lack of visibility around how much of it works, including when it doesn’t work.

Human identity management is already fertile ground for bad actors, who use phishing and many other techniques to catch people off guard, to steal their identities and use them to essentially worm their way into networks. Oasis’ founder and CEO Danny Brickman says that non-human identity is very much the next frontier for those bad actors.

“If we’re just playing the statistics game, if it’s true that identity is the new perimeter when it comes to security, then this is the new risk for organizations,” he said in an interview in London. “If you have 50 times more non-human identities than human ones, that means the attack surface is 50 times larger.” For CISOs, he added, how to handle non-human identities “is top of mind right now.”

To tackle this, Oasis has built a three-part system, which in its most simplest terms can be described as “discover, resolve, automate.”

The first of these builds and tracks a full picture of how a network looks and operates, and creates, essentially, a giant recreation of all the places where machines or any non-human identities interface with each other. It describes this as a visualized map.

It can then use this map to track what data moves around where, and when it appears that something is not working as it should. That might or might not be related to an authentication: It could also relate to how data moves through a system once it’s authenticated. In both cases, Oasis then provides remediation suggestions to respond to anything unusual. As with many remediation solutions, these suggestions can be carried out automatically or triaged by humans.

The third part is the proactive continuing work: an automated refresh of the map and the ongoing observation around it.

Brickman’s track record is as elusive as the threat that his startup is aiming to contain, but the basics of it give some clue as to why investors were willing to give him money before the product even launched, and why the startup is able to sign on users so early on.

He spent more than seven years in the Israeli Defense Forces, where he worked in cybersecurity. There, he tells me he led a team that identified and then fixed a major problem in the military.

What was that problem, and how was it fixed? Brickman wouldn’t say, no matter how many ways I asked him.

Leading a team of engineers, he said, “We worked in a basement. Nobody knew about our project. We didn’t want to lose momentum.” Eventually, they had a breakthrough, and they won an innovation prize awarded by the head of the army for the work. Which no one still knows about, it seems.

It was through that work that Brickman met many other engineers, including Amit Zimmerman, who became his co-collaborator on that secret, award-winning project and is now his co-founder at Oasis, where he is the chief product officer.

There are a number of companies that are now focusing on the challenge of tracking non-human, machine-to-machine authentication and identity management. One of them, another Israeli startup called Silverfort, just last week announced a big funding round of its own. Silverfort is taking a big-picture approach to the problem, including human identity as part of its bigger remit: Its premise is that the two continue to be inextricably linked, so one must consider them simultaneously in order to truly secure a system.

This is not something that Oasis wants to look at, for now at least. True to its name, it thinks that there is something salient and distinct and ultimately more lucrative in definitively quantifying and solving the myriad problems in the non-human space first.

“We’re focused on non-human identity,” Brickman said. “We want to drive the value from there.”

“Identity is the new perimeter, and non-human identity is the gaping hole in that perimeter,” said Balkansky at Sequoia Capital in a statement. “We are excited to work with the Oasis team to solve one of the biggest challenges in cybersecurity today. The company has come out of the gate very strong and fast, signing up blue chip customers less than a year after it was founded, which is a testament to the latent demand for such a solution and to this team’s capabilities and commitment.”

More TechCrunch

AI models are always surprising us, not just in what they can do, but what they can’t, and why. An interesting new behavior is both superficial and revealing about these…

AI models have favorite numbers, because they think they’re people

On Friday, Pal Kovacs was listening to the long-awaited new album from rock and metal giants Bring Me The Horizon when he noticed a strange sound at the end of…

Rock band’s hidden hacking-themed website gets hacked

Jan Leike, a leading AI researcher who earlier this month resigned from OpenAI before publicly criticizing the company’s approach to AI safety, has joined OpenAI rival Anthropic to lead a…

Anthropic hires former OpenAI safety lead to head up new team

Welcome to TechCrunch Fintech! This week, we’re looking at the long-term implications of Synapse’s bankruptcy on the fintech sector, Majority’s impressive ARR milestone, and more!  To get a roundup of…

The demise of BaaS fintech Synapse could derail the funding prospects for other startups in the space

YouTube’s free Playables don’t directly challenge the app store model or break Apple’s rules. However, they do compete with the App Store’s free games.

YouTube’s free games catalog ‘Playables’ rolls out to all users

Featured Article

A comprehensive list of 2024 tech layoffs

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized…

4 hours ago
A comprehensive list of 2024 tech layoffs

OpenAI has formed a new committee to oversee “critical” safety and security decisions related to the company’s projects and operations. But, in a move that’s sure to raise the ire…

OpenAI’s new safety committee is made up of all insiders

Time is running out for tech enthusiasts and entrepreneurs to secure their early-bird tickets for TechCrunch Disrupt 2024! With only four days left until the May 31 deadline, now is…

Early bird gets the savings — 4 days left for Disrupt sale

AI may not be up to the task of replacing Google Search just yet, but it can be useful in more specific contexts — including handling the drudgery that comes…

Skej’s AI meeting scheduling assistant works like adding an EA to your email

Faircado has built a browser extension that suggests pre-owned alternatives for ecommerce listings.

Faircado raises $3M to nudge people to buy pre-owned goods

Tumblr, the blogging site acquired twice, is launching its “Communities” feature in open beta, the Tumblr Labs division has announced. The feature offers a dedicated space for users to connect…

Tumblr launches its semi-private Communities in open beta

Remittances from workers in the U.S. to their families and friends in Latin America amounted to $155 billion in 2023. With such a huge opportunity, banks, money transfer companies, retailers,…

Félix Pago raises $15.5 million to help Latino workers send money home via WhatsApp

Google said today it’s adding new AI-powered features such as a writing assistant and a wallpaper creator and providing easy access to Gemini chatbot to its Chromebook Plus line of…

Google adds AI-powered features to Chromebook

The dynamic duo behind the Grammy Award–winning music group the Chainsmokers, Alex Pall and Drew Taggart, are set to bring their entrepreneurial expertise to TechCrunch Disrupt 2024. Known for their…

The Chainsmokers light up Disrupt 2024

The deal will give LumApps a big nest egg to make acquisitions and scale its business.

LumApps, the French ‘intranet super app,’ sells majority stake to Bridgepoint in a $650M deal

Featured Article

More neobanks are becoming mobile networks — and Nubank wants a piece of the action

Nubank is taking its first tentative steps into the mobile network realm, as the NYSE-traded Brazilian neobank rolls out an eSIM (embedded SIM) service for travelers. The service will give customers access to 10GB of free roaming internet in more than 40 countries without having to switch out their own existing physical SIM card or…

11 hours ago
More neobanks are becoming mobile networks — and Nubank wants a piece of the action

Infra.Market, an Indian startup that helps construction and real estate firms procure materials, has raised $50M from MARS Unicorn Fund.

MARS doubles down on India’s Infra.Market with new $50M investment

Small operations can lose customers by not offering financing, something the Berlin-based startup wants to change.

Cloover wants to speed solar adoption by helping installers finance new sales

India’s Adani Group is in discussions to venture into digital payments and e-commerce, according to a report.

Adani looks to battle Reliance, Walmart in India’s e-commerce, payments race, report says

Ledger, a French startup mostly known for its secure crypto hardware wallets, has started shipping new wallets nearly 18 months after announcing the latest Ledger Stax devices. The updated wallet…

Ledger starts shipping its high-end hardware crypto wallet

A data protection taskforce that’s spent over a year considering how the European Union’s data protection rulebook applies to OpenAI’s viral chatbot, ChatGPT, reported preliminary conclusions Friday. The top-line takeaway…

EU’s ChatGPT taskforce offers first look at detangling the AI chatbot’s privacy compliance

Here’s a shoutout to LatAm early-stage startup founders! We want YOU to apply for the Startup Battlefield 200 at TechCrunch Disrupt 2024. But you’d better hurry — time is running…

LatAm startups: Apply to Startup Battlefield 200

The countdown to early-bird savings for TechCrunch Disrupt, taking place October 28–30 in San Francisco, continues. You have just five days left to save up to $800 on the price…

5 days left to get your early-bird Disrupt passes

Venture investment into Spanish startups also held up quite well, with €2.2 billion raised across some 850 funding rounds.

Spanish startups reached €100 billion in aggregate value last year

Featured Article

Onyx Motorbikes was in trouble — and then its 37-year-old owner died

James Khatiblou, the owner and CEO of Onyx Motorbikes, was watching his e-bike startup fall apart.  Onyx was being evicted from its warehouse in El Segundo, near Los Angeles. The company’s unpaid bills were stacking up. Its chief operating officer had abruptly resigned. A shipment of around 100 CTY2 dirt bikes from Chinese supplier Suzhou…

1 day ago
Onyx Motorbikes was in trouble — and then its 37-year-old owner died

Featured Article

Iyo thinks its GenAI earbuds can succeed where Humane and Rabbit stumbled

Iyo represents a third form factor in the push to deliver standalone generative AI devices: Bluetooth earbuds.

1 day ago
Iyo thinks its GenAI earbuds can succeed where Humane and Rabbit stumbled

Arati Prabhakar, profiled as part of TechCrunch’s Women in AI series, is director of the White House Office of Science and Technology Policy.

Women in AI: Arati Prabhakar thinks it’s crucial to get AI ‘right’

AniML, the French startup behind a new 3D capture app called Doly, wants to create the PhotoRoom of product videos, sort of. If you’re selling sneakers on an online marketplace…

Doly lets you generate 3D product videos from your iPhone

Elon Musk’s AI startup, xAI, has raised $6 billion in a new funding round, it said today, as Musk shores up capital to aggressively compete with rivals including OpenAI, Microsoft,…

Elon Musk’s xAI raises $6B from Valor, a16z, and Sequoia

Indian startup Zypp Electric plans to use fresh investment from Japanese oil and energy conglomerate ENEOS to take its EV rental service into Southeast Asia early next year, TechCrunch has…

Indian EV startup Zypp Electric secures backing to fund expansion to Southeast Asia