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Token Security raises $20M to secure enterprises’ machine identities — from legacy applications to AI agents

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1 year ago

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The Series A funding comes just 8 months after the company exited stealth, and 4 months after earning the backing of SVCI’s elite CISOs from Adobe, Elastic, Google, HashiCorp, and more

TEL AVIV, Israel, Jan. 28, 2025 /PRNewswire/ — Token Security, a leader in non-human identity security, announced today $20 million in Series A funding led by Notable Capital, with participation from existing investor TLV Partners, and executives from leading cybersecurity companies like Palo Alto Networks, CrowdStrike, Check Point, and Venafi. The round comes just eight months after the company emerged from stealth, bringing total funding to $27 million. Token has seen rapid adoption since its launch, with customers including HPE and Hibob.

Recent cyberattacks reveal a dangerous new trend: hackers are bypassing traditional security by targeting the automated systems that keep modern enterprises running. When state-sponsored attackers breached Microsoft and Cloudflare in early 2024, rather than going after employee passwords and accounts, the attackers compromised machine credentials instead. These machine identities — from cloud service credentials to automated system accounts — are multiplying rapidly as organizations embrace modern cloud architectures and as AI agents become a part of the daily workforce. A typical enterprise now has orders of magnitude more machine identities than human users, creating countless potential entry points for attackers.

“Hackers don’t break in; they log in,” said Itamar Apelblat, Co-Founder and CEO of Token Security. “Enterprises have done a good job securing human identities with things like multi-factor authentication, but automated systems are different. Any enterprise can pull up a list of their employees in seconds and track who has access to what. But ask them about their machine identities, and most can’t even tell you how many they have, let alone what they’re doing. When security teams identify a potential risk, figuring out who’s the human owner behind the automated process and what it’s supposed to be doing turns into a lengthy investigation that delays critical fixes and leaves systems exposed.”

Token Security solves this challenge by helping organizations discover, manage, and secure every non-human identity across their infrastructure. The platform integrates with a company’s entire technology stack, including existing identity providers, to map all machine credentials, whether they are cloud-based, SaaS solutions, or on-prem. It then automatically pinpoints who in the organization is responsible for each, and how the identity is being used. This direct connection between non-human identities and their human owners ensures swift remediation of security issues while maintaining the rapid pace of development and innovation.

“The explosion of machine identities, accelerated by agentic AI adoption and cloud-native architectures, has created an urgent need for a new approach to manage and secure non-human identities,” said Oren Yunger, Managing Partner at Notable Capital. “Token Security has emerged as the clear leader in this emerging space with the most robust and holistic product approach. Having invested in category-defining companies like HashiCorp, we recognized immediately that Token’s machine-first approach and exceptional team were building exactly what the market needed. This is evident in how quickly leading CISOs have embraced Token. The company’s remarkable traction and exceptional execution position it to reshape how enterprises secure the rapidly expanding machine identity landscape.”

About Token Security 

Token Security is a leading provider of non-human identity security solutions, specializing in automatically securing any type of non-human identity across any system and environment at scale. Token Security’s solution empowers teams to manage lifecycles, maintain secure postures, gain comprehensive visibility, and enforce least privilege — all through a centralized dashboard. Token Security was founded by 8200 security experts Itamar Apelblat and Ido Shlomo and is backed by Notable Capital, TLV Partners, SNR, and industry veterans like Kevin Patrick Mahaffey, founder of Lookout, and Shlomo Kremer, co-founder and CEO of Cato Networks.

Media Contact
Lazer Cohen
lazer@concrete.media 

Photo: https://mma.prnewswire.com/media/2606777/Token_Security.jpg

 

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SOURCE Token Security

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Quote.com Announces New Senior Leadership Additions

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April 22, 2026

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ST. PETERSBURG, Fla., April 22, 2026 /PRNewswire/ — Quote.com, a leading tech-enabled, omnichannel performance marketing organization, today announced the addition of two new executive team members to support the company’s continued growth and strategic expansion. Chase Nichols joins as Chief Marketing Officer and Ben Hochstetler as Senior Vice President of Marketing.

Quote.com announced the addition of two new executive team members, Chase Nichols and Ben Hochstetler.

The appointments strengthen Quote.com’s leadership team as the company continues to invest in execution, growth, and expanding its ability to help consumers access insurance solutions more easily and efficiently. “We are excited to welcome Chase and Ben to the Quote.com leadership team,” said Nick Stommes, Chief Executive Officer at Quote.com. “Both bring deep industry expertise, experienced execution capability, and a strong focus on operational excellence that will help accelerate our growth while improving how consumers access and compare insurance options. Their leadership will play a critical role at Quote.com as we continue scaling our platform and strengthening our partnerships.”

Chase Nichols joins Quote.com as Chief Marketing Officer; Chase is responsible for all performance marketing planning, organization, and execution, and is focused on driving efficient, measurable consumer touchpoints. With nearly two decades of experience in financial services and performance marketing environments, he brings a data-first approach to scaling growth while balancing brand development and direct-response marketing.

Ben Hochstetler joins as Senior Vice President of Marketing, leading digital marketing strategy and execution across Quote.com’s omnichannel performance marketing footprint. He brings more than 15 years of experience building and scaling performance marketing execution in highly competitive and regulated markets.

About Quote.com

Quote.com is a tech-enabled omnichannel performance marketing organization that delivers high-quality, mission-critical demand at scale to industry-leading partners. The company serves customers across multiple insurance verticals, including auto, home, life, and Medicare insurance. Quote.com provides significant value to consumers by providing an independent, third-party comparison-shopping experience.

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SOURCE Quote.com

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Young Voices Across Oceans: Telling China’s Story Fiji Special Showcases GDI Achievements

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April 22, 2026

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SHENZHEN, China, April 22, 2026 /PRNewswire/ — This year marks the 5th anniversary of the Global Development Initiative (GDI). Shenzhen Media Group’s “Telling China’s Story” program presents a special Fiji season, taking the perspective of young Chinese people to the Pacific island nation of Fiji. It documents the implementation of numerous cooperative projects which are smaller in scale but well-designed, showcasing the heartwarming stories and broad prospects of China and Fiji working together to promote common development and share the fruits of cooperation, vividly illustrating the practical achievements of the GDI.

 

The program will air from April 20th to 22nd, 2026. The first episode features Chinese actor Zhao Xiaotong, food blogger Yang Beichuan, and Wu Dongwei, a doctoral student at China Agricultural University, who visit the China-Fiji Juncao Technology Demonstration Center in Nadi, Fiji, to explore how this “Happiness Juncao” from China has taken root and grown in the South Pacific island nation, benefiting people’s livelihoods.

This “Happiness Juncao” has yielded “win-win results” in Fiji, bringing tangible changes to local families. Internet technology engineer Ashmir not only gained a stable income by learning Juncao (a type of grass cultivation) to grow mushrooms, but also successfully paid off his car loan.

During this filming, a “Mushroom Team” of young Chinese people joined Ashmir in a Fijian market to promote mushroom dishes and introduce locals to various new ways to enjoy mushrooms. The humble mushroom became a bond of friendship across mountains and seas, conveying the warm sentiments of mutual understanding between the Chinese and Fijian people amidst the bustling market atmosphere.

 

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SOURCE Shenzhen Media Group

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Laminar Wins Gold 2026 Edison Award for Physical AI that Powers the Self-Driving Factory

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April 22, 2026

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Top honor recognizes Laminar’s innovation and transformation in the CPG manufacturing industry

BOSTON, April 22, 2026 /CNW/ — Laminar, a physical AI solution helping the world’s leading manufacturers run more productive and sustainable factories, announced that it received a Gold 2026 Edison Award in the Manufacturing & Logistics category. The award recognizes Laminar for enabling food and beverage manufacturers to unlock new levels of productivity and sustainability through innovation – running faster production lines while cutting water, chemicals, and downtime.

“Laminar is leading the way CPG manufacturers implement physical AI on the factory floor with first-of-their-kind self-driving processes,” said Annie Lu, Laminar Chief Executive Officer and Co-Founder. “Our patented spectral sensors and complete library of ML models enable a new, transformative approach to closed-loop automation, making the goal of the self-driving factory achievable today. We are honored the Edison Awards recognized our commitment to building a new category of technology and reshaping the future of manufacturing.”

Laminar’s physical AI transforms operations by enabling CPG manufacturers to transition from manual, timer-based operations to self-driving. Deployed across six continents for Coca-Cola, AB InBev, Danone, and Unilever, Laminar delivers measurable sustainability and profitability gains from the same investment. Laminar’s self-driving processes include:

Self-Driving Clean-in-PlaceSelf-Driving Product ChangeoverSelf-Driving Batch OptimizationSelf-Driving Quality ControlAnd more

The Edison Awards, established in 1987 and named in honor of inventor Thomas Edison, celebrates game-changing innovation across industries worldwide. Drawing a global community of innovators across 60+ countries, the Edison Awards elevate solutions that reimagine our future.

Recognition for Laminar’s Innovation

Headquartered at Greentown Labs in Somerville, MA – North America’s leading cleantech incubator – Laminar is a woman-founded startup backed by top-tier investors, including Greycroft, Construct Capital, 2048 Ventures, and Flybridge Capital.

Recognized for its innovation and impact, Laminar received AB InBev’s 2024 Cheers Award for outstanding startup partnership and was named Unilever’s 2023 Supplier Startup of the Year. Laminar’s solution is also deployed in World Economic Forum Lighthouse factories recognized for their leadership in cutting-edge technology.

About Laminar

Laminar’s physical AI helps the world’s leading manufacturers run self-driving factories with more sustainable, efficient operations. Our patented spectral sensors and complete library of ML models transform manual operations into self-driving processes that cut water, chemicals, and downtime in real-time. Deployed in factories across six continents and trusted by global leaders like AB InBev, Coca-Cola, and Unilever, Laminar is building a new category of physical AI that will power the future of process manufacturing. Learn more at runlaminar.com

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