
Token Security, a cybersecurity startup focused on securing machine identities, has raised $20 million in Series A funding. The round, led by Notable Capital with participation from TLV Partners and executives from Palo Alto Networks, CrowdStrike, and Check Point, comes just eight months after the company emerged from stealth. The funding will support expansion into the U.S. and enhancements to its AI security capabilities.
Key Takeaways:
- Token Security protects machine credentials—such as cloud service accounts and AI agents—against cyber threats.
- Attacks on Microsoft and Cloudflare in 2024 highlighted the vulnerability of machine identities.
- The funding will help relocate headquarters from Israel to the U.S. and scale operations.

Founded in 2023 by cybersecurity veterans Itamar Apelblat and Ido Shlomo, Token Security addresses a growing blind spot in enterprise security. While traditional cybersecurity tools focus on human credentials, machine identities—API keys, service accounts, and cloud credentials—have multiplied, creating new attack vectors. The company’s platform maps machine identities across an organization’s infrastructure, identifying risks and assigning ownership for better security management.
The recent surge in cyberattacks targeting machine credentials has intensified demand for solutions like Token’s. In 2024, state-sponsored attackers compromised Microsoft and Cloudflare by exploiting machine identities rather than human accounts. These incidents underscored the need for enterprises to track and secure non-human identities as rigorously as they do employee logins.
“Hackers don’t break in; they log in,” said Apelblat. “Most companies can instantly list their employees and their access levels, but they have no visibility into the thousands of machine identities running their systems.”
The cybersecurity sector has taken notice. Notable Capital, which has backed companies like HashiCorp, sees Token Security as a leader in this emerging category. “The explosion of machine identities, driven by cloud-native architectures and AI adoption, demands a new security approach,” said Notable’s Managing Partner, Oren Yunger.
Machine identity security has become a hot sector. Israeli startup Oasis raised $40 million in 2024 for a similar approach, while CyberArk acquired Venafi for $1.54 billion to strengthen its position in the space. Token Security’s rapid traction suggests it could become a key player in this evolving market.
With the new funding, Token Security plans to relocate its headquarters to the U.S., where the enterprise cybersecurity market is larger. The company will also invest in AI-driven security features and expand its leadership team. As machine identities continue to outnumber human users in enterprises, securing them is becoming a critical priority.