Israeli Cybersecurity Startup Oak Raises $60 Million Seed Round for AI-Based Identity Management

Israeli cybersecurity company Oak announced the completion of a $60 million seed funding round. Oak develops an AI-driven platform for managing identities and permissions within organizations, addressing the growing complexity introduced by AI agents, service accounts, and automated systems in modern workplaces. The funding round was led by venture capital firms Accel, Greylock, and Charles River Ventures, with participation from Hetz Ventures, AlphaDrive Ventures, and angel investors. Oak plans to use the capital to expand its development and AI teams in Israel and continue advancing its platform.

Founded in December 2025 by cybersecurity entrepreneur Shay Morag, who serves as CEO, alongside Chief Product Officer Tal Marom, Oak currently employs about 50 people across Israel and San Francisco and is actively recruiting for its Israeli development center. Morag is a serial entrepreneur with a track record of founding three cybersecurity companies sold for a combined total of approximately $500 million: Integrity Project (acquired by Mellanox in 2014), Secdo (acquired by Palo Alto Networks in 2018), and Ermetic (acquired by Tenable in 2023), where he later served as Chief Product Officer.

Oak’s platform integrates with cloud systems, SaaS applications, and internal enterprise systems to provide a real-time, comprehensive view of all identities and permissions within an organization. Unlike traditional static permission lists, Oak’s system collects data from multiple sources to reveal existing permissions, actual usage, and potential security risks. This enables security teams to continuously monitor and manage permissions and detect anomalies.

Morag emphasized that legacy identity management systems were designed for environments dominated by human users, whereas today’s organizations must also manage automated services and AI agents, requiring a fundamentally new approach. Marom added that conversations with over 100 security and identity managers highlighted the difficulty in obtaining a complete picture of organizational permissions and the need for a centralized system that consolidates data from diverse sources.