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Classified in: Science and technology, Business, Covid-19 virus
Subjects: FNC, VEN

SafeBreach Closes $53.5 Million Series D New Funding


TEL AVIV, Israel, Nov. 9, 2021 /PRNewswire/ -- SafeBreach, the pioneer in breach and attack simulation ("BAS"), announced it has raised $53.5 million in Series D funding, led by Sonae IM and Israel Growth Partners (IGP), with additional participation from Sands Capital and Leumi Partners. The round also includes strategic investment from ServiceNow, as well as participation from existing investors. Carlos Alberto Silva, Managing Partner at Sonae IM, and Assaf Harel, General Partner at IGP, will be joining the SafeBreach board, and Scott Frederick, Managing Director at Sands Capital will be added as a board observer.

SafeBreach raises the largest investment to date in a breach and attack simulation vendor.

This operation represents the largest investment to date in a breach and attack simulation vendor, and more than doubles the investment in SafeBreach, bringing the company's total funding to over $106 million. The new capital will fuel the company's plans to expand its market footprint to new geographies and evolve its offerings.

"SafeBreach is the most comprehensive breach and attack simulation platform on the market ? not only does it have the largest playbook containing over 21,000 breach methods; the platform also has flexible prioritization capabilities, extensive integrations and extensible remediation options ? while being simple to deploy," said Carlos Alberto Silva, managing partner, Sonae IM. "We've never had such strong, positive customer feedback from high caliber clients and look forward to helping the company accelerate market expansion."

"At IGP, we look to invest in category leaders, and SafeBreach is the ideal example of the type of organization and technology we support," said Assaf Harel, general partner, IGP. "The breach and attack simulation market is one that has seen significant growth over the past year, and SafeBreach has the potential to lead the market. We look forward to supporting the SafeBreach team as they continue driving momentum into 2022 and beyond."

"As we enter a new phase of growth, this investment will significantly expand our go-to-market capabilities while simultaneously increasing availability of our widely used continuous security validation platform in large and global scale enterprises," said Guy Bejerano, co-founder and CEO of SafeBreach. "In our evolving threat landscape, many organizations have responded to threats in their environment by buying more security products and hoping that will make them more secure. But hope is not a viable strategy ? a holistic view of risk is needed."

"Our customers are focused on improving cyber resilience by proactively reducing their attack surface and speeding reactive response," said Lou Fiorello, vice president and general manager, Security Products, ServiceNow. "SafeBreach helps companies shrink their attack surface through simulation and controls. This investment reflects ServiceNow's commitment to helping customers secure their digital transformations."

SafeBreach currently protects nearly 100 enterprise customers, all within the Fortune 1000 and including the top five largest financial, healthcare and pharmaceutical companies who are at the forefront of developing COVID-19 vaccines and remediation.

"Our philosophy is to invest in companies that stand out from the crowd and are well-positioned for the problems of tomorrow," said Scott Frederick, Managing Director, Sands Capital. "With its unique approach and mission to empower CISOs to invest wisely in security, SafeBreach is a true market differentiator and one whose goals align with our own."

About SafeBreach
A pioneer in the Breach and Attack Simulation (BAS) market, SafeBreach is the world's most widely used continuous security validation platform. The patented platform automatically and safely executes thousands of attack methods to validate network, endpoint, cloud, container and email security controls against its Hacker's Playbooktm, the world's largest collection of attack data broken down by methods, tactics and threat actors. Founded in 2014 by experienced CISOs, hackers and security entrepreneurs, SafeBreach makes it possible for security teams to invest wisely, protect more and mitigate risk. 

Contact
Sara São Miguel
+351 918 525 630
sara.saomiguel@thesquare.pt

Photo - https://mma.prnewswire.com/media/1682027/SafeBreach.jpg

 

 


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News published on 9 november 2021 at 09:00 and distributed by: