Oasis Security said it has raised $120 million in Series B funding in a round led by Craft Ventures, with participation from existing investors Cyberstarts, Sequoia Capital and Accel, bringing the company’s total funding to $195 million.
The company said the latest round reflects growing demand for tools that manage access for artificial intelligence agents and other non-human identities as enterprises embed AI more deeply across their infrastructure.
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Left to right: Amit Zimerman, co-founder and chief product officer; Lior Simon, partner at Cyberstarts; Danny Brickman, co-founder and CEO
(Photo: Almog Kolt)
Oasis describes itself as a pioneer in what it calls agentic access management, a category focused on controlling access for autonomous systems rather than human users. The company said the shift is becoming increasingly important as machine identities proliferate across enterprise networks.
Citing Palo Alto Networks, Oasis said machine identities now outnumber human users by 82 to 1, while many of the systems used to govern access were originally designed for people, not autonomous software or machines.
Over the past year, the company said, new annual recurring revenue grew fivefold from a year earlier. Oasis said it serves large enterprise customers, with most of its client base coming from Fortune 500 companies, and that most new recurring revenue is being generated through multiyear enterprise agreements.
The company said those agreements suggest its platform is becoming embedded in customers’ identity architecture as a layer for managing access across AI-driven infrastructure.
Oasis said its platform is designed to provide just-in-time access for AI agents and machines, without standing permissions, through a single policy layer that can operate across different types of infrastructure.
The company said its system evaluates what each machine or software agent is attempting to do and grants only the access needed to complete that task. It added that the platform covers multiple forms of access management, including vaulting, federation and ephemeral permissions, and is intended to give companies visibility and control before an action is taken rather than afterward.
“Cybersecurity is defined by how we protect against abnormal and risky events. In the era of AI, that definition is being reshaped by access,” CEO Danny Brickman said in a statement. He said companies deploying AI agents are taking on access risks they often cannot yet fully see.
Michael Robinson, a partner at Craft Ventures, said AI is reshaping enterprise infrastructure and making access one of the most important control layers in that transition.
“As AI agents proliferate, organizations need a fundamentally new approach to managing non-human identities and agentic access,” Robinson said.
Oasis said the new funding will be used to expand research and development behind its agentic access management platform, broaden support across AI agent frameworks and enterprise systems, and scale global sales and go-to-market operations.
The company was founded in 2022 by Danny Brickman and Amit Zimerman.