Oasis Security raises $120M to manage access for enterprise AI agents
Oasis Security closed a $120 million Series B funding round led by Craft Ventures, bringing the company's total raised to $195 million. The funding reflects growing demand from enterprises deploying AI agents across their infrastructure.
The startup focuses on what it calls agentic access management-controlling what autonomous systems can do rather than managing human user access. As enterprises embed AI more deeply, the gap between traditional access controls and what's needed for machine identities has widened.
Machine identities now outnumber human users by 82 to 1, according to Palo Alto Networks. Most access management systems were built for people, not autonomous software.
The business case is working
Oasis said new annual recurring revenue grew fivefold over the past year. Most of that growth came through multiyear contracts with Fortune 500 companies, suggesting the platform is becoming embedded in how large enterprises manage their infrastructure.
CEO Danny Brickman said the shift reflects a fundamental change in how companies think about security. "Cybersecurity is defined by how we protect against abnormal and risky events. In the era of AI, that definition is being reshaped by access," he said.
The company's platform grants AI agents only the access they need to complete specific tasks, then revokes it-a just-in-time approach rather than standing permissions. The system covers vaulting, federation, and ephemeral permissions across different types of infrastructure.
What the funding pays for
Oasis plans to use the capital to expand research and development, add support for more AI agent frameworks, and scale its sales operations globally.
Michael Robinson, a partner at lead investor Craft Ventures, said the funding reflects how AI is reshaping enterprise infrastructure. "As AI agents proliferate, organizations need a fundamentally new approach to managing non-human identities and agentic access," he said.
Existing investors Cyberstarts, Sequoia Capital, and Accel also participated in the round. The company was founded in 2022 by Danny Brickman and Amit Zimerman.
For management professionals overseeing AI deployment, understanding access control for non-human identities is becoming critical. Learn more about AI for Executives & Strategy to address governance and security concerns in enterprise AI implementation.
Your membership also unlocks:
