Washington, D.C.-based cybersecurity startup Corsha has raised $18 million in new funding to expand its footprint in machine-to-machine (M2M) security, especially across operational systems and critical infrastructure. This new capital injection follows its earlier $12 million Series A round in April 2022.
The fresh funding round, labeled as Series A-1, was led by SineWave Ventures, with continued backing from Razor’s Edge Ventures and Ten Eleven Ventures. It also comes shortly after Jeff Hudson, the former CEO of Venafi, joined Corsha’s board in January 2025—adding industry leadership to Corsha’s growing momentum.
Machine Identities Take Center Stage in a Hyper-Automated World
With automation accelerating at unprecedented speed, machine identities now outnumber human identities by a staggering 50 to 1, according to Corsha. That number is expected to grow sharply as agentic AI systems become more integrated into enterprise operations.
“As we automate more of our development and deployment pipelines, the security burden shifts from humans to machines,” said Chris Simkins, Corsha’s co-founder and former CEO. He emphasized the growing need for visibility and control over the machines accessing application programming interfaces (APIs).
Corsha addresses this challenge through its flagship product: a Machine Identity Platform (m-IdP) that authenticates, governs, and secures machine-to-machine interactions in both cloud and operational environments. Unlike traditional identity providers built for human access, Corsha’s system brings multi-factor authentication (MFA) directly into M2M workflows—offering robust security even in complex operational technology (OT) settings.
Integrating Seamlessly With Top Identity Providers
Corsha’s platform is built for seamless integration. It syncs effortlessly with identity providers like EntraID, Amazon IAM, and Keycloak to manage dynamic, rotating machine identities in real-time. The result? Enhanced security and auditability across every machine interaction—whether in the cloud or on the shop floor.
This M2M-first approach has earned Corsha high trust, especially among federal agencies. Its platform is already deployed across U.S. Department of Defense (DoD) environments and approved for operation within government-run industrial networks under full Authority to Operate (ATO) compliance.
Fueling Expansion Into Critical Infrastructure and Manufacturing
A significant portion of this new funding will go toward expanding Corsha’s market presence in critical sectors such as manufacturing, operational systems, and national infrastructure. As threats against these systems continue to rise—fueled by sophisticated ransomware groups and geopolitical tensions—demand for secure, scalable M2M solutions is skyrocketing.
“There’s a massive modernization opportunity here,” said Anusha Iyer, Corsha’s co-founder and current CEO. “But without a strong identity solution for machines, the risks outweigh the benefits. Our mission is to securely connect the operational systems that run the world.”
Launching Corsha Labs to Accelerate Innovation
Another exciting initiative is the launch of Corsha Labs—a hybrid research environment designed to showcase Corsha’s end-to-end M2M expertise, from factory floor to cloud. The lab will function as both a physical space and a digital platform to push the boundaries of Corsha’s tech and highlight real-world use cases.
Lastly, Corsha plans to leverage the funding to supercharge its AI and machine learning (ML) capabilities within the m-IdP platform. The goal is to build agentless behavioral identities that adapt in real time to secure machine interactions without needing traditional software agents. This will enable adaptive identity and access management (IAM) tailored specifically for M2M networks.
As the era of zero trust architecture and AI-driven infrastructure takes hold, Corsha aims to remain at the forefront of machine identity innovation, protecting the unseen yet critical connections that keep the modern digital world running.
