As Astrix emerges from the shadows of stealth with a $15M seed round led by us at F2 Venture Capital along with Bessemer Ventures and Venrock, I wish to reflect on this investment and the factors that continue to drive our belief in this team’s vision and potential.

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Astrix Solves Critical Pain Point

While remote and cloud-based work soars, enterprises are relying on third-party integrations to enhance their workflow and productivity more than ever. An estimated 83% of web traffic comes from APIs, the API market is growing at 32% year over year, and top SaaS companies each have an average of 350 API integrations!

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But with this tangled web of third-party integrations comes a tug-a-war with heavy consequences.

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On one hand, you want to keep your business as secure as possible. An unmonitored tangle of third-party integrations threatens this security, exposing businesses to possible supply chain attacks, data spillages, compliance violations, and more- a CISO’s nightmare.

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On the other hand, you want the fluidity and simplicity afforded by the usage of third-party applications. These apps not only enhance your offering to customers, they also drive enterprise growth and productivity vital to any scaling SaaS company.

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A product that can break this paradigm and end the tug-a-war between fluidity and security would be a game-changer.

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Enter Astrix- Astrix provides adaptive access and data controls to APIs running through an organization, addressing the now-desperate need for visibility and protection in an environment of ever-expanding APIs. This makes them the only solution ensuring and maintaining security hygiene in this growing complex environment.

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Technological Capabilities Defending Their Moat

The technology behind Astrix is robust enough to create a solid moat, positioning them as the pioneers in third-party API security.

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Astrix provides full integration lifecycle management, beginning with an inventory of all third-party connections to enterprise applications, enhanced with contextual data for individualized exposure assessment and accurate mitigation.

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The platform detects malicious anomalies within the third-party integrations, remedies them in real-time, and empowers security teams to seamlessly manage shadow integrations with out-of-the-box security policy and enforcement guardrails.

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An Unparalleled Team

When we met Alon Jackson and Idan Gour, it became very clear very quickly that this was one of the strongest founding teams we had ever met.

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Both are award-winning cyber security experts with leadership experience in the private sector and the Israel Defense Force’s 8200 military intelligence unit. Alon and Idan are a perfect market-team fit, uniquely knowledgeable on the pain points they solve. Their experience, abilities, and charisma position them as a team that can gracefully tackle such a technology-heavy business.

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With the competition for talent that we feel so acutely in our high-tech environment, this founding team has that unlearnable magnetism that will be a huge advantage for them to attract talent and to scale a top team.

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Combining the acute pain point Astrix is addressing, the ever-growing API market, the robust technology behind their offering, and a team with experience, confidence, and charisma, you have a winning recipe.

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We at F2 are incredibly excited to partner with Alon, Idan, and the entire Astrix team as they exit stealth and continue defining a new category essential for this modern, hyper-connected world.

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