Linx Security Raises $33 Million

NEW YORK — Linx Security, a company specializing in modern identity security and governance solutions, emerged from stealth and has raised $33 million in funding. The round was led by Index Ventures and Cyberstarts, with investors also including entrepreneurs Mickey Boodaei (Imperva, Trusteer, Transmit) and Rakesh Loonkar (Trusteer, Transmit), as well as Cerca Partners and Knollwood Investment Advisory.

Founded in 2023 by Israel Duanis (CEO) and Niv Goldenberg (CPO), Linx Security emerged with a mission to redefine how organizations secure and manage identities across complex digital landscapes. Both Israel and Niv are experienced cybersecurity executives with proven track records spanning over 25 years. Before founding Linx, Israel co-founded Fleetonomy, a pioneering AI-driven fleet management solutions platform, which was acquired by Via in 2020 and led the threat prevention line of business at CheckPoint Security. Niv’s last role before co-founding the company was VP Product at Mickey Boodaei’s Transmit, which during Niv’s tenure doubled its ARR.

The 2024 Verizon Data Breach Investigations Report (DBIR) revealed that more than half of all breaches involve a human element, accounting for 68% of incidents. The 2024 Identity Defined Security Alliance (IDSA) Report found that 84% of organizations have experienced an identity-related security breach, with 78% facing direct business impacts as a result. The recent Snowflake breach serves as a prime example of the potential damage, as hackers gained access to the accounts of up to 165 Snowflake customers by exploiting stolen customer credentials, possibly marking it one of the largest data breaches ever.

“Identity security is one of the urgent cybersecurity pain points organizations struggle to address in today’s fast-paced business environment,” said Israel Duanis, CEO of Linx Security. “Our platform empowers organizations to navigate the complexities of identity security and governance with confidence, ensuring they stay ahead of evolving threats and regulatory requirements.”