The platform functions as a unified control plane, moving away from the static, record-based systems that have long struggled to track access in real-time. By connecting to any application—whether cloud, on-premise, or homegrown—Oak constructs a dynamic identity graph based on raw evidence. This approach addresses a critical market gap, as organizations grapple with the rapid proliferation of non-human identities and AI agents that traditional governance tools cannot effectively monitor.

Investors for the round included Accel, Greylock Partners, and CRV, signaling strong institutional confidence in the founders. Morag, who previously sold companies to Palo Alto Networks and Tenable, argues that the industry has reached a breaking point where bolting AI onto legacy architecture is no longer sufficient. The new capital will support aggressive hiring across security and AI engineering teams as the company prepares to showcase its technology at Black Hat USA in August 2026. According to Gartner, the shift toward identity intelligence is urgent, with 70% of CISOs expected to adopt advanced visibility capabilities by 2028.