New funding and 100% YoY ARR growth fuel Corsha’s next chapter

WASHINGTON, April 8, 2025 /PRNewswire/ — Corsha, the leader in securing machine-to-machine (M2M) traffic for operational systems and critical infrastructure, today announced an $18 million Series A-1 funding round led by SineWave Ventures, with participation from Razor’s Edge Ventures and Ten Eleven Ventures.

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. Organizations require a machine identity provider (“m-IdP”) to authenticate, manage, and govern the rapidly growing traffic between machines. Due to legacy systems connecting with modern cloud-native systems, M2M communication can be particularly risky in operational technology (OT) and critical infrastructure environments. Imagine the challenges of securely connecting AI/ML models in the cloud to robotic controllers or manufacturing pipelines on a shop floor. 

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. Through Corsha’s Machine Identity Provider, the company ensures that all machine-to-machine communication anywhere across an organization is secure and can be trusted.

“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, Founder and CEO of 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. Today’s significant investment from SineWave, Razor’s Edge, and Ten Eleven Ventures represents a strong vote of confidence in the Corsha team and platform and a strong belief in the value we deliver for our customers. Corsha has already proven we can support some of the most challenging technology stacks in the U.S. public sector — including for the U.S. Air Force — and we are thrilled to use this funding to bring our platform to more organizations globally.”

“As machines begin to outnumber humans as actors on operational networks and the cloud, Corsha’s ability to securely identify these non-human actors and control their access to systems and data enables exciting new ways to securely get things done,” said Pat Muio, Partner at Sinewave Ventures. “It is a solution that is urgently needed.”

Corsha plans to use the funding for a variety of objectives, including:

• Expanding the company’s Go-to-Market team to help more customers in the operational systems, critical infrastructure, and manufacturing sectors
• Launching Corsha Labs, a physical and digital research space to showcase Corsha’s “shop floor to cloud” expertise and take the platform to the next level
• Scaling the use of AI/ML in the Corsha “m-IdP” to expand our agentless behavioral identities as well as adaptive identity and access management (IAM) for M2M communication

The funding builds upon Corsha’s already robust momentum, including:

• 100% YoY ARR by growth
• An authorization to operate with the U.S. Government in critical manufacturing environments
• The addition of Jeff Hudson, CEO Emeritus of Venafi – a CyberArk company, to Corsha’s Board of Directors

For more information about Corsha, please visit https://corsha.com.

About Corsha
Corsha is the leader in identity security for operational systems and critical infrastructure through its innovative machine-to-machine authentication and secure access platform powering a connected modern world. Corsha’s Machine Identity Provider (m-IdP) allows enterprises to securely connect systems, move data, and automate with confidence from anywhere to anywhere. Corsha is backed by leading venture capital firms SineWave, Razor’s Edge, and Ten Eleven Ventures.

SOURCE Corsha

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