Oasis Security Raises $120 Million to Govern AI Agent Access

The Series B round brings total funding to $195 million for Oasis and signals growing enterprise urgency around non-human identity management as AI agents proliferate across critical infrastructure.

Oasis Security, a cybersecurity firm specializing in non-human identity and agentic access governance, has raised $120 million in Series B funding, the company announced March 19. Craft Ventures led the round, with existing investors Cyberstarts, Sequoia Capital, and Accel participating, bringing total capital raised to $195 million. 

The company said new annual recurring revenue grew 5x year over year, with a majority of customers drawn from the Fortune 500. Most new ARR is structured as multi-year enterprise agreements, according to the press release.

Oasis was founded in 2022 by Danny Brickman and Amit Zimerman to address a specific gap in enterprise security: the identities of machines, not people. Service accounts, APIs, bots, and AI agents now outnumber human users in large organizations by a ratio of 82 to 1, according to data cited by Oasis from Palo Alto Networks. The access management systems built to govern credentials were designed for human employees. They were not designed for autonomous systems that operate continuously and at scale.

The company’s Agentic Access Management platform evaluates each system’s intent and grants only the permissions required to complete that task. The approach eliminates standing permissions in favour of just-in-time access, which Oasis describes as the primary control mechanism for reducing exposure from AI agents embedded in enterprise infrastructure. 

Every organization deploying AI agents is taking on access risks they can’t yet see. The organizations scaling AI fastest are the ones who treated access as a foundational requirement, not an afterthought. 
Danny Brickman, Founder, Oasis

The move comes as enterprises accelerate AI agent deployments across finance, operations, and customer-facing systems, creating pressure on security teams to extend governance frameworks beyond human users. It is unclear how many of Oasis’s Fortune 500 customers have deployed agentic AI specifically, rather than traditional automation or service accounts.

Michael Robinson, partner at Craft Ventures, said in the statement that AI agents proliferating across enterprise environments require “a fundamentally new approach to managing non-human identities and agentic access.” He described Oasis as “the clear leader” in the category.

Oasis previously raised $40 million in January 2024 and $35 million in May 2024, according to reporting by SiliconAngle. 

The Series B proceeds will fund R&D on the AAM platform, expanded integration across AI agent frameworks and enterprise systems, and growth in global sales operations, the company said. The company declined to disclose its current valuation.

Disclaimer: This report is based on publicly available reporting from ACCESS Newswire and Bloomberg. NervNow has not independently verified the claims.
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