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Token Security Secures $7 Million in Seed Funding

May 09, 2024
2 Min Reads

The machine identification firm Token Security has made progress toward its goal with the acquisition of $7 million in venture investment.

Silicon ANGLE claims that TLV Partners led the investment round, with participation from SNR and well-known angel investors such as Shlolo Kramer, a well-known member in Israel's cybersecurity community.

 

By focusing on a "machine-first approach" rather than human-centric systems, Token Security is leading the way in a novel approach to identity management. Identity management has always focused on human identities, but Token Security contends that this strategy is insufficient in an era where machine identities are growing exponentially.

 

The technology developed by Token Security tracks and identifies the devices and services that make up an organization's IT infrastructure, as opposed to depending just on lists of workers and contractors. The platform analyzes data, integrates with current infrastructure, assesses systems for security risks, and controls access rights.

 

"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 Ido Shlomo, co-founder and chief technology officer of Token Security. Critical identities and vulnerabilities are given priority by the platform, which lowers risk by providing remedial capabilities.

 

The issues presented by cloud and microservices-based architectures, where machine identities greatly outnumber human identities, are addressed by Token Security's machine identity-based methodology. Co-founder and CEO Itamar Apelbat emphasized the growing frequency of identity-based assaults and the demand for an all-encompassing solution that addresses all major cloud infrastructure platforms.

 

Leading cloud platforms including Amazon Web Services, Google Cloud, Microsoft Azure, and Snowflake, as well as a number of identity management applications and source code repositories, may all be smoothly integrated with the platform. This improves a company's overall security procedures by enabling Token Security to conduct contextual analysis and identify unlawful access.

 

With the support of this most recent round of investment, Token Security is well-positioned to enhance its platform and increase its visibility in the quickly changing identity management market.

 

The majority of on-premise identities in legacy systems are human. However, identities in the age of generative AI and the cloud are no longer limited to humans and are dispersed around the globe, according to Itamar Apelbat, CEO of Token Security.

 

"We take the security organization from complete ignorance to mitigating actual dangers and minimizing exposures. We group identities, passwords, and permissions for several teams, including DevOps, Data Engineering, SREs, and Engineering. added Token Security's CTO, Ido Shlomo.

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