Identity management startup Oak launches with $60M in funding
Oak Inc., a startup that helps companies prevent unauthorized access to their applications, launched today with $60 million in seed funding.
Accel, Greylock Partners and CRV jointly led the round. They were joined by Hetz Ventures, AlphaDrive Ventures and several unnamed angel investors.
Tel Aviv-based Oak is led by Chief Executive Officer Shai Morag, who earlier founded three other cybersecurity startups. The first was acquired by Mellanox, a network equipment supplier that was itself sold to Nvidia Corp. in 2020. The other two companies were bought by Palo Alto Networks Inc. and venture-backed cybersecurity provider Tenable Inc.
Each employee at a large enterprise has access to multiple business applications. Furthermore, many workers use artificial intelligence agents that themselves use several programs. That makes it difficult to track who accesses what and when, which can lead to cybersecurity issues.
