Orchid Security, which focuses on protecting customers’ identity as AI continues to grow, said on Tuesday it raised $36 million in an early stage funding round and emerged from so-called “stealth mode” after a year of working in secrecy.
The seed round was led by Intel Capital and Team8, with participation from CapitalOne and other businessmen, with the funding aimed at accelerating Orchid’s growth using large language models to address the challenge of managing identity systems.
Orchid, based in New York with its R&D in Israel, said it was already working with a number of large firms globally in finance, manufacturing, healthcare and retail. It said customers include Fortune 100 companies such as Costco and Repsol.
Identity verification is the process an organization engages in to confirm that an individual who seeks to do business with the organization is truly who he or she claims to be.
Israel has become a world leader in cyber security, and although cyber accounts for 7% of Israeli tech firms, such startups raised nearly $4 billion in 2024, 36% of total funds raised by startups.
“With advancements in AI and LLM technology, we can now offer a solution that automatically assesses identity capabilities and exposures — considering target regulations, frameworks, and security best practices — offers remediations, and helps organizations elevate and ensure consistency of their identity security posture, all while significantly reducing cost and time,” said Orchid co-founder and CEO Roy Katmor.
SiliconAngle reports that artificial intelligence-powered identity security startup Orchid Security has obtained $36 million from a seed funding round, which will be allocated toward strengthening its platform, which leverages large language models for identity and access management, as well as expanding its customer base in North America and Europe.
