Oasis Security
Overview
Oasis Security is an innovative company specializing in Non-Human Identity Management (NHIM) solutions, helping organizations manage and secure identities that are not human, such as service accounts, API keys, and tokens. Founded in 2022 by Danny Brickman and Amit Zimerman, the company is headquartered in New York City, USA. As of October 2024, Oasis Security has raised $75 million in funding, with major investments from firms like Accel, Cyberstarts, and Sequoia Capital.
Recent Developments
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May 2024: Oasis Security secured a Series A funding extension of $35 million, just months after its initial Series A round in January 2024. This round was co-led by Accel, Cyberstarts, and Sequoia Capital, doubling the company's valuation.
- The extension underscores the increasing importance of managing non-human identities as part of cybersecurity strategies due to their explosive growth.
- The company plans to leverage these funds to enhance its R&D and expand its market reach.
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January 2024: Oasis Security raised its initial Series A funding of $35 million to address the growing challenge of non-human identity security in hybrid and multi-cloud environments.
- This funding caters to expanding the company's operations and enhancing its platform capabilities to tackle the potential security risks posed by non-human identities in enterprise settings.
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Recent Strategic Developments: The company has been gaining momentum due to the rising demand for robust security mechanisms that address the challenges posed by the increasing presence of non-human identities.
- Oasis Security’s platform offers a comprehensive solution that automates the detection of these identities across environments, ensuring efficient governance and minimizing security vulnerabilities.
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Partnerships and Recognition: Oasis Security was recognized as one of Israel's most promising startups in 2024 and has formed significant partnerships to solidify its standing in the cybersecurity sector. This highlights its role as a leader in managing and securing non-human identities on a large scale.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2022 |
| Headquarters | New York City, USA |
| Founders | Danny Brickman, Amit Zimerman |
| Revenue | Undisclosed |
| Profits | Undisclosed |
| Key Investors | Accel, Cyberstarts, Sequoia Capital |
| Industry | Cybersecurity |
| Number of Employees | More than 50 |
Early History
Oasis Security was founded in 2022 by Danny Brickman and Amit Zimerman after recognizing a growing need for managing non-human identities in the cybersecurity landscape. The founders, leveraging their background in cybersecurity and technology development, aimed to address the security gap created by the exponential growth of non-human identities in cloud and hybrid infrastructure. This realization led to the creation of a platform that not only identifies these entities but also assesses their security risks and automates mitigation strategies.
Company Profile and Achievements
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Business Model: Oasis Security positions itself as a leader in NHIM, offering solutions designed to secure digital infrastructures by effectively managing the identities that facilitate system interactions, often bypassed by conventional security measures.
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Achievements:
- Secured significant investment from top venture capital firms, emphasizing investor confidence in its solutions and market potential.
- Developed a platform that provides comprehensive insights and automated controls, effectively managing the lifecycle of non-human identities.
- Recognized as a top cybersecurity startup, highlighting its impact on the field and innovation in identity management.
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Product Developments: Oasis Security has been focused on enhancing its platform to handle large-scale identity management across multiple environments, ensuring compliance and boosting operational efficiency.
Current Operations and Market Position
Oasis Security is a market leader in non-human identity management, offering cutting-edge solutions that cater to modern enterprise security needs. Its platform emphasizes the rapid discovery and management of NHIs across varied environments, providing clients with actionable insights for maintaining data integrity and security. The company’s strategic investments in R&D are geared towards expanding its solutions’ capabilities and reaching a broader client base, thus promising continued influence in the cybersecurity sphere.
Conclusion
Oasis Security holds a pivotal role in the cybersecurity industry by addressing the specific challenges associated with non-human identities, a niche that is becoming increasingly crucial. With continued dedication to innovation and substantial backing from leading investors, the company is well-positioned to spearhead advancements in NHIM and cybersecurity at large. As the digital landscape evolves, Oasis Security's solutions will likely become integral to securing modern enterprise infrastructures, reinforcing its significance and potential to drive future developments within the industry.