Astrix Tackles Non-Human Identity Issues with Menlo Ventures' Backing
Deal News | Dec 10, 2024 | Menlo Ventures
Astrix, a company addressing the challenges of securing non-human identities (NHIs), has received investment from Menlo Ventures, a prominent private equity firm. Astrix focuses on the full lifecycle of NHIs, providing enterprises with the capability to automate processes securely and confidently. This investment underscores the growing importance of safeguarding digital identities in an increasingly automated world, as businesses strive to balance innovation and security in their operations.
Sectors
- Information Technology Services
- Private Equity
Geography
- United States – Menlo Ventures and Astrix are likely based in the U.S., aligning with the tech-focused investment strategies typically prevalent within this geography.
Industry
- Information Technology Services – Astrix's focus on securing non-human identities places it squarely within the IT services industry, particularly relating to cybersecurity and identity management.
- Private Equity – Menlo Ventures' investment in Astrix identifies it as an entity operating within the private equity space, demonstrating its role in funding and expanding technology solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Astrix | Target Company | Company | A company specializing in securing the lifecycle of non-human identities for enterprises. |
| Menlo Ventures | Investor | Company | A private equity firm investing in technology and innovative business solutions. |