Linx Security, a Tel Aviv-founded startup, has emerged from stealth mode with an impressive $33 million in funding. The company, backed by the founders of cybersecurity giant Wiz, aims to revolutionize identity management and security for businesses. Linx Security’s innovative platform addresses the growing need for robust identity protection in an increasingly digital world. The funding round, led by Cyberstarts and Index Ventures, will enable Linx to expand its operations and enhance its technology to combat identity-related cyber threats.
Linx Security was founded by Israel Duanis and Niv Goldenberg, both graduates of the elite Israeli military intelligence unit 8200. The duo’s extensive experience in cybersecurity has been instrumental in developing Linx’s cutting-edge platform. The company focuses on answering a critical question for businesses: who should have access to what? This seemingly simple question involves complex challenges, especially for organizations with numerous employees and digital assets.
The platform developed by Linx Security maps the links between identities, assets, and the company, providing a comprehensive solution for identity management and security. By leveraging AI and advanced analytics, Linx ensures that businesses can stay ahead of evolving threats and regulatory requirements. The platform’s ability to manage and track identities across digital landscapes is particularly crucial as identity-based cyberattacks continue to rise.
Linx Security’s approach to identity management is not only about security but also about efficiency and compliance. The platform helps organizations streamline their identity management processes, reducing the risk of unauthorized access and data breaches. This holistic approach sets Linx apart from traditional identity management solutions, making it a valuable asset for businesses looking to enhance their cybersecurity posture.
Strategic Funding and Support
The $33 million funding round for Linx Security was led by Cyberstarts, a venture capital fund founded by tech veteran Gili Raanan, and Index Ventures, a global venture capital firm. The round also saw participation from angel investors, including Wiz founders Assaf Rappaport and Yinon Costica, as well as entrepreneurs Mickey Boodaei and Rakesh Loonkar. This diverse group of investors underscores the confidence in Linx’s vision and technology.
The funding will be used to accelerate Linx’s growth and expand its market presence. The company plans to invest in research and development to enhance its platform’s capabilities and address emerging cybersecurity challenges. Additionally, Linx aims to expand its team, bringing on board top talent to drive innovation and support its ambitious goals.
The support from Wiz founders and other prominent investors highlights the potential of Linx Security to make a significant impact in the cybersecurity industry. The company’s focus on identity management aligns with the growing need for robust security solutions in an increasingly digital world. With the backing of experienced investors and a strong leadership team, Linx is well-positioned to achieve its mission of protecting businesses from identity-related cyber threats.
Addressing the Growing Threat of Identity-Based Attacks
Identity-based cyberattacks have become a major concern for businesses worldwide. According to the 2024 Trends in Securing Digital Identities report, 84% of organizations experienced an identity-related breach in the past year, up from 68% in 2023. These breaches can have severe consequences, including financial losses, reputational damage, and regulatory penalties. Linx Security’s platform addresses these challenges by providing a comprehensive solution for identity management and security.
The platform’s ability to map and manage identities across digital assets is crucial in preventing unauthorized access and mitigating the risk of data breaches. By leveraging AI and advanced analytics, Linx can detect and respond to potential threats in real-time, ensuring that businesses remain protected. The platform also helps organizations comply with regulatory requirements, reducing the risk of non-compliance and associated penalties.
Linx Security’s focus on identity management is timely, given the increasing complexity of digital environments. As businesses continue to adopt new technologies and expand their digital footprints, the need for robust identity management solutions will only grow. Linx’s innovative platform addresses this need, providing businesses with the tools they need to protect their digital assets and stay ahead of evolving threats.
