Oak raises $60M to modernize enterprise identity management for AI era
Original: Backed by $60M in funding, Oak steps out of stealth to fix the identity mess that AI agents are making worse
Why This Matters
AI agents are rapidly expanding enterprise attack surfaces, creating urgent demand for modern IAM platforms.
Israeli startup Oak emerged from stealth on July 15, 2026, with $60M in seed funding co-led by Accel, CRV, and Greylock Partners. The company offers a unified identity control plane designed to manage human and AI agent access in enterprise environments, with its product already generally available.
Oak, an Israeli cybersecurity startup co-founded by serial entrepreneur Shai Morag and CPO Tal Marom, exited stealth on July 15, 2026, announcing $60 million in seed funding and general availability of its enterprise identity platform. The round was co-led by Accel, CRV, and Greylock Partners, with participation from AlphaDrive Ventures, Hetz Ventures, and angel investors.
The company targets a growing vulnerability in enterprise security: outdated Identity and Access Management (IAM) systems that were built for cloud-era human users but are now overwhelmed by the addition of AI agents and machine identities. Oak's platform features an AI connector framework that continuously maps access permissions to actual app usage, removing unnecessary access in real time rather than relying on periodic manual reviews.
'Right now, the whole process is too manual, and it's operations-based, not risk-based,' said Morag, a former Israeli army major with over two decades in cybersecurity. His track record includes selling cyber startup Secdo to Palo Alto Networks in 2018 and co-founding Ermetic, which Tenable acquired for $265 million in 2023.
Before building the product, co-founder Marom conducted interviews with 100 CISOs and IAM leaders. Oak has built a 50-person team and is actively hiring, with a majority of staff expected to be U.S.-based. Enterprise clients are already using the platform, though names were not disclosed.