Oasis Security raises $120M to manage and secure AI agent identities inside enterprise systems

Oasis Security, a non-human identity management platform that governs access for AI agents, bots, and machine identities inside enterprise environments, raised $120M in a Series B led by Craft Ventures, with participation from existing investors Cyberstarts, Sequoia Capital, and Accel, bringing its total raised to $195M. The funding will go toward expanding R&D and scaling global sales, as the company reports a fivefold increase in new annual recurring revenue year-over-year, with the majority of its customer base drawn from the Fortune 500. Oasis's Agentic Access Management platform operates on a least-privilege model, granting AI agents just-in-time access based on their specific intent rather than standing permissions, reducing the attack surface as machine identities increasingly outnumber human employees inside large organizations.