Security Week

Corsha Raises $18 Million to Enhance and Extend Machine-to-Machine Security

Kevin Townsend April 8, 2025 3 min read

Washington, DC-based Corsha provides a machine identity platform (m-IdP) that authenticates, manages, and governs the growing traffic between machines; and can facilitate secure MFA between any machines, anywhere.

In April, 2022, Corsha closed a Series A funding round of $12 million. Co-founder and, at that time CEO, Chris Simkins noted, “The greater we automate our application development and deployment processes, the more the risk shifts from human to machine. It’s more important than ever to have clear visibility into the machines that are accessing APIs and be able to seamlessly control access.”

The ongoing process of automation is gathering pace. “Machine identities currently outnumber human identities by a ratio of 50:1 and are poised to accelerate further with increases in automation and the emergence of agentic AI,” said Corsha today.

“To address this growing challenge, Corsha syncs with traditional IdPs like EntraID, Amazon IAM, and keycloak, builds and manages dynamic machine identities, and brings MFA to machines, securing and auditing M2M connections across OT and cloud environments,” says the firm

The announcement of an additional funding of $18 million – in what the firm describes as an A-1 round – is designed to ensure Corsha’s ability to meet and match this increasing challenge. The funding is led by SineWave Ventures, with participation from Razor’s Edge Ventures and Ten Eleven Ventures. It follows the addition of Jeff Hudson, CEO Emeritus at Venafi, to the board of directors in January 2025.

The new funds are earmarked for three primary purposes. The first is to increase its outreach to more customers in the operational systems, critical infrastructure, and manufacturing sectors. Threats against critical infrastructure are expanding rapidly and have increased with the growth of more sophisticated ransomware gangs and current geopolitics.

Corsha has already been approved to operate with the US Government in critical manufacturing environments – Corsha’s platform is deployed to the U.S. Department of Defense (DoD) government clouds and industrial networks under full ATO – and the firm is determined to ensure that the entirety of manufacturing and critical industries are aware of its offerings.

The second use of the new funding is to launch Corsha Labs, described as ‘a physical and digital research space to showcase Corsha’s shop-floor-to-cloud expertise, and take the platform to the next level.’

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The third purpose is to scale the use of AI/ML in the Corsha m-IdP to expand agentless behavioral identities and adaptive IAM for M2M communication.

“There’s such a huge modernization opportunity in connecting operational systems and critical infrastructure; yet without a strong identity solution, the risk is too high,” said Anusha Iyer, co-founder and current CEO at Corsha. “That is why we are so committed to our vision to securely connect the operational systems that run our world, delivering the first IdP focused on machines.”