Token Security powers the evolution of identity
security, helping minimize security risk while maintaining
operational integrity in the age of AI-generated identities
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.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240519871942/en/
Ido Shlomo and Itamar Apelblat - Token
Security founders (Photo: Business Wire)
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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240519871942/en/
Media Contact Ofer Sivan Token Security ofer@token.security