Oasis Security, an Israeli cybersecurity startup specializing in non-human identity management, has closed a $120 million Series B funding round as enterprises race to secure the growing fleet of AI agents operating inside their networks.
The round was led by Craft Ventures, with participation from existing investors Sequoia Capital, Accel, and Cyberstarts. The raise brings Oasis's total funding to $195 million.
The Problem: 82 Machine Identities for Every Human
The explosion of enterprise AI agents has created an urgent security gap. According to Oasis, machine identities now outnumber human ones at a ratio of 82:1 across typical enterprise environments. Each AI agent, service account, and API key represents a potential entry point — and most organizations lack a unified way to manage them.
Oasis pioneered the category of Non-Human Identity (NHI) management, building what it calls the foundational layer for governing access across every machine identity under a single policy. Its Agentic Access Management (AAM) platform is designed to monitor, audit, and control what autonomous systems can do inside an organization.
Strong Enterprise Traction
The company reports that new annual recurring revenue grew 5x year over year, with a majority of its client base drawn from the Fortune 500. That traction reflects a broader market shift: as companies like BNY Mellon deploy tens of thousands of AI agents across their operations, the question of who — or what — has access to sensitive systems has moved from theoretical to urgent.
Where the Money Goes
Oasis plans to use the Series B to deepen R&D behind the AAM platform, expand support across AI agent frameworks and enterprise systems, and scale global sales operations. The company, founded in 2022 by Danny Brickman and Amit Zimerman, is positioning itself at the intersection of two fast-moving trends: agentic AI adoption and zero-trust security.
Why It Matters
The funding round arrives at a moment when the AI industry is grappling with the security implications of autonomous agents. High-profile incidents — including reports of rogue AI agents accessing unintended systems — have pushed identity governance up the enterprise priority list.
With $195 million in the bank and Fortune 500 customers already on board, Oasis Security is betting that non-human identity management will become as fundamental to enterprise security as traditional IAM platforms are today. Given the pace at which organizations are deploying AI agents, that bet looks increasingly well-timed.
