After three cyber exits, Shai Morag raises $60 million to reinvent enterprise identity
Oak says its AI-native platform replaces the patchwork of legacy identity tools with a single operating system that governs employees, machines and AI agents.
Cybersecurity startup Oak has raised $60 million in one of the largest Seed funding rounds ever secured by an Israeli cyber company to build what it describes as an AI-native Identity Operating System. The platform is designed to replace the fragmented collection of identity governance and security tools used by enterprises with a single platform that manages every identity across an organization, from employees and contractors to machines and AI agents.
The round was co-led by Accel, Greylock Partners and Charles River Ventures (CRV), with participation from Hetz Ventures, AlphaDrive Ventures and strategic angel investors. Oak said its platform is already generally available and deployed at enterprise customers. The funding round was first revealed by Calcalist.
Oak was founded in December 2025 by serial cybersecurity entrepreneur Shai Morag, who serves as CEO, and Tal Marom, the company's Chief Product Officer, who previously led product teams at Tenable and Salesforce. Morag has more than two decades of experience in cybersecurity and has founded and sold three companies for a combined value of approximately $500 million: Integrity-Project, which was acquired by Mellanox Technologies in 2014; Secdo, which was acquired by Palo Alto Networks in 2018; and Ermetic, a cloud identity security company that was acquired by Tenable in 2023. Following the Ermetic acquisition, Morag served as Tenable's Chief Product Officer. Oak currently employs around 50 people across Israel and San Francisco.
The funding will be used to expand the company's cybersecurity and AI teams in Israel and accelerate development of the platform.
Oak's AI-native platform connects to enterprise applications across cloud, on-premises, SaaS and proprietary environments, automatically building a live map of every identity and its permissions. Rather than relying on static identity records, the platform continuously analyzes how identities, including AI agents, actually behave, allowing organizations to detect excessive privileges, reduce risk and automate remediation. The company says the platform governs the entire lifecycle of every identity across an enterprise from a single control plane.
In an interview with Calcalist, Morag said the company spent months refining the product before deciding to accelerate commercialization.
"We've spent the past several months working closely with customers to refine the product before scaling the business," Morag said. "Today we're already working with dozens of customers, and now we're pressing the accelerator."
The identity security market has become one of the fastest-growing segments of cybersecurity as organizations struggle to manage an explosion of human users, machine identities and, increasingly, AI agents. Identity has also become one of the industry's primary attack vectors, driving enterprises to invest heavily in identity governance and security. According to Gartner, by 2028, 70% of CISOs are expected to adopt identity visibility and intelligence capabilities to reduce identity-related risk.
The strategic importance of the market has also triggered a wave of consolidation. Palo Alto Networks recently agreed to acquire CyberArk, while numerous startups have emerged to challenge established identity management vendors.
"The market has reached a breaking point," Morag said. "The tools enterprises rely on today were never designed to work together, and adding more products has never solved the problem. Oak is the platform the industry has needed for twenty years, but couldn't build until now."
Morag believes identity security represents one of the largest remaining opportunities in enterprise cybersecurity.
"For every good cybersecurity idea there are dozens of companies competing," he said. "The reason is simple: the opportunity is enormous. Identity management is a market worth tens of billions of dollars, and companies in this category will ultimately be worth tens and even hundreds of billions."
Morag argues that Oak's biggest advantage lies in the experience of its founding team.
"As someone who built Ermetic, which focused on cloud identity security, I know the pain points customers face," he said. "Building trust with customers in identity security takes years. Our experience allows us to build alongside customers in a way that's very difficult for younger companies to replicate."
Although competition in the sector is intensifying, Morag said Oak intends to invest aggressively to build a comprehensive platform.
"This is a large financing round, but we'll continue raising significant amounts of capital because building a category-defining platform requires substantial investment," he said. "We're not trying to solve one narrow problem, we're building a complete identity platform. There are very few companies that have successfully built broad identity platforms, and to succeed we need to deliver a significantly better solution than what's available today. That's where we're investing."
