Why We Raised $50M: The Non-Human Identity Crisis Driving Our Series C

AI is not creating new cybersecurity challenges but rather exposing and accelerating existing vulnerabilities, such as secrets sprawl and inadequate security awareness among users. The widespread use of AI assistants by non-technical teams has led to a surge in the creation of applications and automations without adequate security training, resulting in modern breaches that exploit leaked credentials. This issue is compounded by the explosion of non-human identities, such as AI agents and service accounts, which require proper governance frameworks for credential management to prevent over-privileged or blocked access. The lack of standardized management systems for machine identities poses a significant threat as organizations rapidly deploy AI agents, often without the necessary governance infrastructure. Addressing these challenges is critical, as reflected in the significant investments made by enterprises in products that secure secrets and manage non-human identities, and the need for governance that keeps pace with AI's rapid adoption to ensure its potential is not limited by security risks.