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Funding Alert|Infisical Raises $40M Series B — Elad Gil Leads for the Second Round Straight, Betting on Agent Credential Security

Infisical raised a $40M Series B at a $600M valuation, led by Elad Gil for the second round in a row, with Gradient and Y Combinator participating. The signal: as AI agents become a new class of enterprise user, the old model of just handing them a password is itself the vulnerability — Infisical is betting that secrets management graduates from a developer tool into required agent-security infrastructure.