TEL AVIV, Israel--(BUSINESS WIRE)--Token Security today emerged from stealth, launching its machine-first identity security platform and announcing $7 million in Seed funding led by TLV Partners with participation from SNR as well as a range of angel investors including Shlomo Kramer, one of the founding fathers of cybersecurity in Israel.
Organizations today are facing an identity crisis. The proliferation of cloud and microservice architectures has brought about an explosion in machine identities. The typical enterprise has 45 times more machine identities than human ones, and the number of identities has doubled in the last three years1. Simply keeping track of these identities is a daunting task. Securing them seems next to impossible.
While there is no lack of solutions for identity management, legacy human-centric approaches fall short of providing a solution for today’s modern architectures. The sheer volume of identities for services, workloads, microservices, functions, and now Al-generated identities is growing at an unprecedented rate. With the majority of data breaches coming from identity compromises, IAM is the cornerstone of security.
Token Security brings visibility and continuous threat exposure management to the identity boom era, by introducing the machine-first approach.
Legacy solutions are human-centric: they build a list of employees and contractors and check access to systems against it. This approach can’t keep up with the explosion in identities and leads to dangerous exposure. Token Security turns this approach on its head, starting with machines and keeping track of who has access to them and for what purpose. Its platform integrates existing infrastructure and triages data to extract context, evaluate and prioritize threat detection.
“Identity-based attacks are the number one attack vector, affecting even the likes of Microsoft and Cloudflare,” said Token Security Co-Founder & CEO Itamar Apelblat. “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.
The cloud is complex, and it’s evolving much faster than we can adapt to it. Attackers are leaving no stone unturned to find vulnerable identities. It’s well-known today that hackers don't break in, they log in. We help security professionals regain control, while staying out of developers’ way”.
Apelblat co-founded Token Security with CTO Ido Shlomo. Apelblat and Shlomo have worked with each other for more than 15 years on both sides of the fence, with Apelblat, a second-time entrepreneur, specializing in defensive measures and Shlomo in offensive cyber operations. They previously held key leadership roles in the Israeli Intelligence Corps Unit 8200 and have both startup and corporate experience.
Token Security supports all major infrastructure platforms - AWS, Azure, Google Cloud, Kubernetes and Snowflake. Furthermore, Token's platform integrates with leading identity providers, source code repositories and secrets managers, leveraging additional data for context analysis without obstructing developer workflows. Token Security is already working with FinTech, Cybersecurity, InsurTech, and eCommerce companies ranging from mid-market to Fortune 500.
“We take the security organization all the way from being in the dark to remediating real risks and cutting down exposures to a minimum. We discover, inventory and standardize data across IAM repositories. We cluster identities, credentials and entitlements for different teams - Engineering, DevOps, Data engineers, SREs and more. We prioritize the most critical identities and their vulnerabilities, and reduce risk using remediation capabilities”, said Token Security CTO Ido Shlomo.
“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.”
Now Token Security is taking the next step in the evolution towards Machine-first-Identity security with a platform built to keep CISOs informed and software companies productive. We expect them to win over both crowds, and disrupt a highly competitive market”.
About Token Security
Token Security is a rapidly growing Machine-first Identity Security platform provider that powers the evolution of identity security, helping minimize security risk while maintaining development velocity. Headquartered in Israel, Token Security is funded by world-renowned investors such as TLV Partners and SNR as well as a range of angel investors including Shlomo Kramer, one of the founding fathers of cybersecurity in Israel. For more information, visit token.security.
About TLV Partners
TLV Partners is a Tel-Aviv based venture capital firm investing in early-stage startups and partnering with innovative entrepreneurs to build successful category-defining companies. With nearly $1 billion in assets under management, TLV Partners invest in a wide range of domains, including, data, AI, cybersecurity, DevTools, Fintech, Biotech, eCommerce and more. Since 2015, the firm has backed some of the most promising companies in Israel, including Aqua Security, Silverfort, Next Insurance, Unit, Firebolt, Granulate (acquired by Intel), Oribi (acquired by Linkedin) and more.
1Ponemon Institute State of Machine Identity Management report, 2023
