Token Security Raises $20M to Secure the Booming World of Machine Identities

The rise of cloud computing and AI has led to a surge in machine identities, creating more entry points for hackers. Token Security, a startup tackling this growing security risk, just secured $20 million in Series A funding. Their platform automatically identifies and manages machine identities, helping companies prevent breaches before they occur. Founded by veterans of Israel's Unit 8200, the company counts HPE among its clients and plans to use the funding to expand its AI capabilities and US presence. The funding highlights the increasing importance of securing machine identities, often overlooked in traditional cybersecurity strategies.