Oak exits stealth with $60M to govern identity across humans, machines, and AI agents

Oak left stealth with a $60M seed co-led by Accel, CRV, and Greylock to build one identity control plane spanning humans, machines, and AI agents, shipping generally available with enterprise deployments rather than a roadmap. Founder Shai Morag's prior exits — Secdo to Palo Alto Networks and Ermetic to Tenable for $265M — anchor a bet that AI-agent identity is its own funded category, distinct from the legacy IAM tools it aims to replace.

Source: techcrunch.com ↗

Right now, the whole process is too manual, and it's operations-based, not risk-based — for instance, there's no trigger when an employee logs in from an unusual location.

Shai Morag, Oak co-founder

Why this matters

→ AI agents need identity governance—legacy IAM tools weren't built for this
→ Founder's track record ($265M exit) signals AI-identity is now a standalone category
→ Real-time permission revocation replaces manual, lag-prone quarterly reviews

Identity for the AI era