Oasis Security, a pioneer in non-human identity management, has successfully closed a $120 million Series B funding round. The investment, led by Craft Ventures with participation from existing backers Cyberstarts, Sequoia Capital, and Accel, brings the company's total capital raised to $195 million. This significant financial injection will fuel the company's mission to secure enterprise AI through its innovative Agentic Access Management platform.
Addressing the Rise of Non-Human Identities
The rapid adoption of artificial intelligence and cloud infrastructure has led to an explosion of non-human identities within enterprises. These machine identities, including AI agents and bots, now vastly outnumber human employees, creating a complex new security challenge. Traditional identity management systems, designed for people, are not equipped to govern these autonomous, high-velocity systems effectively.
This gap in security creates significant vulnerabilities, such as unmanaged credentials and excessive permissions that can be exploited. Oasis CEO Danny Brickman emphasized that in the age of AI, cybersecurity is being fundamentally reshaped by access. The company was founded to address these unseen risks, enabling organizations to scale their AI initiatives without compromising their security posture.
Pioneering Agentic Access Management
In response to this challenge, Oasis has developed its Agentic Access Management (AAM) platform. This solution provides enterprises with the necessary visibility, control, and policy enforcement required to manage AI agents securely. The platform serves as a foundational layer, establishing a new standard for governing access across all machine identities under a single, unified policy.
The AAM platform operates on a principle of least privilege, granting just-in-time access based on an agent's specific intent. It evaluates what each system is trying to accomplish and provides only the permissions necessary to complete that task. This infrastructure-agnostic approach ensures that no standing permissions exist, drastically reducing the potential attack surface for organizations.
Oasis delivers a comprehensive solution that unifies discovery, lifecycle enforcement, and policy intelligence across diverse hybrid environments. The platform secures every type of access, from ephemeral permissions to more traditional vaulting and federation methods. This proactive governance model ensures that security controls are applied before an agent takes its first action, not after a potential breach.
Fueling Growth and Market Expansion
The company's approach has gained significant traction in the market, particularly among large enterprise customers. Oasis reported a fivefold increase in its new annual recurring revenue year-over-year, with the majority of its client base coming from the Fortune 500. This growth is largely driven by multi-year agreements, indicating that its platform is becoming deeply embedded within customer identity architectures.
The new infusion of capital is earmarked for strategic expansion and product enhancement. Oasis plans to deepen its research and development efforts to further advance the AAM platform's capabilities. The funding will also be used to scale its global sales and go-to-market operations to meet growing enterprise demand.
Investor confidence in the company's vision is strong, as articulated by Michael Robinson, a partner at lead investor Craft Ventures. He highlighted that access has become one of the most critical control layers as AI reshapes enterprise infrastructure. This investment validates Oasis's role in providing the essential security framework for this technological transition.
With its successful Series B funding, Oasis Security is strongly positioned to lead the market in securing the agentic enterprise. The investment not only validates the critical need for specialized non-human identity management but also accelerates the company's mission. Oasis is set to empower organizations globally to adopt and scale AI with the confidence that their critical systems are protected.