Israeli startup Oak is stepping out of stealth mode with $60 million in seed funding to address the growing problem of AI-driven identity threats in the workplace. The company's unified control plane aims to govern identity across organisations and prevent outdated credentials and poor identity access management, which are common security vulnerabilities that AI is expected to make easier for attackers to exploit.
Oak's solution is already deployed by enterprise clients and is generally available, according to the company. The startup's AI connector framework maps access to actual app usage and removes permissions that are no longer needed in real-time, rather than only during periodic reviews.
Co-founded by Shai Morag, a former army major and cybersecurity expert, Oak spent months talking to 100 CISOs and IAM leaders before building its product. Morag's track record, including selling cyber startup Secdo to Palo Alto Networks in 2018, helped the company raise its significant seed funding round.
Oak's $60 million round was co-led by Accel, CRV, and Greylock Partners, with participation from AlphaDrive Ventures, Hetz Ventures, and angel investors. The company plans to invest heavily in R&D and growth, with a vision to become a giant in the identity management space.