Autonomous AI agents break legacy identity management—sparking $60M startup to retool access control

Oak emerged from stealth in July 2026 with $60 million in seed funding to address a fundamental mismatch: traditional identity and access management (IAM) platforms review permissions quarterly, but AI agents can change their effective privilege footprint within a single session. Legacy vendors—Okta, SailPoint, CyberArk—lack native visibility into what agents actually do with granted access. Oak's real-time connector framework strips unnecessary permissions as agents operate, closing an architectural gap created by autonomous software that the industry's incumbent platforms were never designed to govern.