Oasis Security lands $120m to govern enterprise AI agents - FinTech Global
The funding round was $120 million. The real number is 82 to 1.
Oasis Security announced a Series B on Thursday, pulling in $120 million led by Craft Ventures with participation from Sequoia Capital, Accel, and Cyberstarts — bringing total funding to $195 million. The money is real. The more interesting signal is in the Palo Alto Networks data the company cited to frame the problem it is solving: machine identities now outnumber human identities inside enterprises by 82 to 1.
That ratio is not a projection. It is a measurement of what has already happened. Enterprises have deployed so many AI agents, automated workflows, and machine-to-machine connections that the population of non-human identities has dwarfed the human one. The access management infrastructure was not designed for this.
Oasis was. Founded in 2022 by Danny Brickman and Amit Zimerman, the company built its platform around Non-Human Identity management from the start. Its Agentic Access Management platform — AAM — evaluates what each system is trying to do before granting access, then issues just-in-time permissions that expire automatically. No standing permissions. Single policy control across hybrid environments. It works across vaulting, federation, and ephemeral permissions.
The commercial validation is in the ARR numbers. Oasis says new annual recurring revenue grew five times year over year over the past year, with most new ARR coming from multi-year enterprise agreements. The customer base skews Fortune 500. That mix — multi-year deals with large enterprises, not month-to-month pilots — is what separates a market from a trend.
The competitive landscape is becoming defined. Astrix Security operates in adjacent space. Wiz made a documented push into agent security. The fact that Sequoia and Accel are both invested in Oasis suggests the two firms see agent access governance as its own category, distinct from the broader cloud security pile.
Craft Ventures partner Michael Robinson put the stakes plainly: as AI agents proliferate, organizations need a fundamentally new approach to non-human identity and agentic access. That framing — that the old tools do not work for the new architecture — is the bet every investor in this space is making with other people's money.
Danny Brickman's observation from the customer base is probably the most useful data point for enterprise readers: the organizations scaling AI fastest are the ones who treated access as a foundational requirement, not an afterthought. That is a polite way of saying the companies that ignored the problem are now behind.
Source: ACCESS Newswire / Oasis Security press release via Morningstar