Token Security Secures the Future of Identity with $7M Funding

The rise of cloud computing and microservices led to a surge in machine identities, dwarfing the number of human ones. A typical company now manages 45 times more machine identities, and that number has doubled in just three years, according to a Ponemon Institute report. Simply maintaining an accurate inventory of these identities is a challenge, let alone securing them effectively.

Traditional identity management solutions, designed with humans in mind, struggle to keep pace with the complexities of modern architectures. The sheer volume of identities – for services, workloads, microservices, functions and even AI-generated entities – is growing exponentially.

But Token Security, thanks to $7 million in Seed funding led by TLV Partners with participation from SNR, turns this approach on its head, starting with machines and keeping track of who has access to them and for what purpose.

Token Security is machine-first identity security platform provider that powers the evolution of identity security to help minimize security risk while maintaining development velocity. Token Security’s machine-first identity security 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 and CEO Itamar Apelblat. “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.”

Token Security's platform is built to work seamlessly with major cloud providers, such as AWS, Azure and Google Cloud, and containerization tools for data analysis. It also integrates with popular identity management systems, code repositories and secret managers to gather rich context without hindering developers' work.

Their clientele spans across industries like FinTech, cybersecurity, insurance technology and e-commerce, serving companies of all sizes.

“We take the security organization all the way from being in the dark to remediating real risks and cutting down exposures to a minimum,” said Token Security co-founder and Chief Technology Officer Ido Shlomo. “We discover, inventory and standardize data across IAM repositories. We cluster identities, credentials and entitlements for different teams. We prioritize the most critical identities and their vulnerabilities and reduce risk using remediation capabilities.”