Token Security Raises $20 Million; Eclypsium Secures $45 Million to Combat Hackers Targeting Machine Identities

Token Security, a cybersecurity startup, has successfully raised $20 million to combat the increasing threat posed by hackers targeting machine identities. This funding comes in response to the rapid growth of machine identities, driven by the expansion of cloud computing and artificial intelligence, which has created significant security challenges. The company aims to provide solutions for securing non-human identities, such as API keys, tokens, and service accounts, which have surged in number due to the rise in AI adoption. In a related development, another cybersecurity firm, Eclypsium, has raised $45 million to enhance infrastructure security for companies.