Token Security Emerges from Stealth, Pivoting Cybersecurity to the Machine-First Era

Token Security, a machine-first identity security platform, has emerged from stealth with $7 million in Seed funding. Founded by Itamar Apelblat and Ido Shlomo, Token Security addresses the growing identity crisis faced by organizations due to the proliferation of machine identities. Their platform provides visibility and continuous threat exposure management, addressing the need for securing a rapidly increasing number of identities in modern architectures.

Token Security Emerges from Stealth, Redefining Identity Security for the Machine-First Era

TEL AVIV, Israel, May 20, 2024 – Token Security has emerged from stealth today, unveiling its groundbreaking machine-first identity security platform and announcing $7 million in seed funding. Led by TLV Partners, the funding round also included participation from SNR and a constellation of angel investors, including cybersecurity pioneer Shlomo Kramer.

Addressing the Identity Crisis

Modern organizations are grappling with an identity crisis spurred by the proliferation of cloud and microservice architectures. The proliferation of machine identities has reached alarming proportions, with enterprises managing 45 times more machine than human identities. This explosion has created a daunting task for organizations struggling to monitor and secure these identities.

Legacy Approaches Fall Short

Traditional human-centric identity management solutions are woefully inadequate in the face of modern architectural complexities. The sheer volume of identities for services, workloads, microservices, functions, and AI-generated entities is growing exponentially. Legacy solutions, designed for a world of static human identities, are ill-equipped to handle the dynamic and distributed nature of machine identities.

The Machine-First Approach

Token Security has emerged as a revolutionary force in identity security, introducing a paradigm shift with its machine-first approach. This novel approach flips the traditional model on its head, starting with machines and meticulously tracking who has access to them and for what purpose.

The Token Security platform seamlessly integrates with existing infrastructure, triaging data to extract deep context. This rich context enables the platform to evaluate and prioritize threat detection, empowering security professionals to regain control without hindering developers.

Co-Founders with Proven Expertise

Token Security was co-founded by Itamar Apelblat, CEO, and Ido Shlomo, CTO. Apelblat and Shlomo have collaborated for over 15 years, honing their skills on both sides of the security spectrum. Apelblat, a seasoned entrepreneur, specializes in defensive measures, while Shlomo excels in offensive cyber operations. Their combined experience in the elite Israeli Intelligence Corps Unit 8200, coupled with their startup and corporate backgrounds, has positioned them as formidable leaders in the field.

Comprehensive Support and Integration

Token Security's platform supports all major infrastructure platforms, including AWS, Azure, Google Cloud, Kubernetes, and Snowflake. It seamlessly integrates with leading identity providers, source code repositories, and secrets managers, leveraging additional data for context analysis without disrupting developer workflows.

Real-World Impact

Token Security has already gained significant traction, partnering with leading companies in FinTech, cybersecurity, InsurTech, and eCommerce, ranging from mid-market to Fortune 500 enterprises. The platform empowers security organizations to transition from a state of darkness to one of proactive risk management, minimizing exposure and providing deep visibility into critical identities.

Endorsement from Industry Leaders

"We have witnessed the evolution of security to identity-first security," said Rona Segev, co-founder and managing partner at TLV Partners. "However, machine-to-machine communication is now the norm. AI creates new services with new identities, connections, and permissions, even without human involvement. Organizations need to simultaneously minimize security risks and maintain operational integrity, a seemingly impossible demand."

"Token Security is taking the next step in the evolution of machine-first-identity security, with a platform built to keep CISOs informed and software companies productive," Segev continued. "We believe they will capture the attention of both audiences and disrupt this highly competitive market."

About Token Security

Token Security is a rapidly growing machine-first identity security platform provider that is revolutionizing the identity security landscape. Headquartered in Israel, Token Security is funded by world-renowned investors TLV Partners and SNR, as well as a group of experienced angel investors. For more information, visit token.security.

About TLV Partners

TLV Partners is a Tel Aviv-based venture capital firm that invests in early-stage startups, partnering with innovative entrepreneurs to build category-defining companies. With nearly $1 billion in assets under management, TLV Partners invests 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, and Oribi, among others.