Linx Security Emerges From Stealth With $33M in Funding to Revolutionize Identity Security and Governance

Backed by Index Ventures and Cyberstarts, Linx Security redefines modern identity security to address identity-related security breaches, which impact 84% of organizations.

NEW YORK, NY / ACCESSWIRE / July 22, 2024 / Linx Security, a pioneer in modern identity security and governance solutions, emerged today from stealth and announced that it has raised $33 million in funding. The round was led by Index Ventures and Cyberstarts, with investors also including entrepreneurs Mickey Boodaei and Rakesh Loonkar, as well as Cerca Partners and Knollwood Investment Advisory.

Founded in 2023 by Israel Duanis (CEO) and Niv Goldenberg (CPO), Linx Security aims to redefine how organizations secure and manage identities across complex digital landscapes. Both founders are experienced cybersecurity executives with proven track records spanning over 25 years.

The 2024 Verizon Data Breach Investigations Report revealed that more than half of all breaches involve a human element, accounting for 68% of incidents. Additionally, the 2024 Identity Defined Security Alliance Report found that 84% of organizations have faced an identity-related security breach. Recent breaches, such as the Snowflake incident, highlight the urgent need for advanced identity security solutions.

Linx Security's platform maps and monitors the relationships between users, their identities, and the access they have to company data. The technology uses advanced analytics and automation to help organizations reduce their attack surface, achieve compliance, and streamline identity management operations.

"Identity security is one of the urgent cybersecurity pain points organizations struggle to address in today's fast-paced business environment," said Israel Duanis. "Our platform empowers organizations to navigate the complexities of identity security with confidence."