Riptides builds a platform that replaces static API keys, tokens, and passwords with cryptographically verifiable, auto-rotating identities for agents and workloads, enabling authentication, encrypted connections, and access control without manual secrets. The product targets enterprises and AI-first companies seeking to move beyond legacy secrets management and enable zero-trust connectivity at scale. The startup emphasizes kernel-level, tamper-proof identity that integrates into service-to-service calls and agentic workflows. Riptides plans to use the new funding for product development, security research, and early design partnerships. The founding team includes veterans from Banzai Cloud and Cisco, and the company is actively engaging enterprises and AI-native customers. Financially, Riptides raised $3.3M in a pre-seed round—one of the largest Pre-Seed rounds in Central and Eastern Europe and the largest in Hungary to date—with additional $500K contributed by the founders’ fund Cloudbreak.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2025