Sequoia doubles down on Cymphony as AI agents create new enterprise security risks
Cymphony was valued at more than $100 million in a $25 million Series A co-led by Sequoia and SMBC Fin Atlas Beyond Fund.
As AI agents increasingly access sensitive corporate data and systems at machine speeds, enterprises face new security risks. Venture firm Sequoia Capital has identified this trend and is investing in startup Cymphony to help companies manage their growing AI workforce. The firm has provided $30 million in funding, including a $25 million Series A co-led by Sequoia and SMBC Fin Atlas Beyond Fund, which values Cymphony at over $100 million.
Cymphony aims to address security gaps by providing a single view of employees, AI agents, and non-human identities, including the systems and sensitive data they can access. This is achieved through a "workforce graph" that integrates identity, data, and activity signals. Cymphony's co-founder and CEO, Shy Dekel, emphasizes that enterprise security was initially designed for human employees, and with the rise of independent AI entities, traditional security measures are no longer sufficient.
The startup has already identified significant risks, such as 85,000 files accessible to AI tools at a U.S. public company. Cymphony's solution involves not only identifying risks but also automating incident investigation, prioritizing remediation, and even correcting access permissions. With Sequoia's backing, Cymphony is entering a competitive market, but its unique approach to combining identity and data security makes it stand out.
While established security firms like Microsoft and Okta are expanding their offerings, Cymphony sees its role as complementary, adding an extra layer of protection.
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