Breach and attack simulation startup SafeBreach Inc. had today announced that it has raised $53.5 million in new funding to fuel the company’s plans to expand its market footprint to new geographies and evolve its offerings in response to client needs.
Sonae IM and Israel Growth Partners led the Series D round. Also participating in the round were ServiceNow, Sands Capital and Leumi Partners.
Founded in 2014, SafeBreach pitches itself as being a pioneer in breach and attack simulation. The company’s platform provides a “hacker’s view” of an enterprise’s security posture to actively predict attacks, validate security controls and improve security operations center analyst responses.
The service automatically executes breach methods with an extensive “Hacker’s Playbook” of research and real-world data. Enterprises can also use the service to validate technologies and third-party vendors they are using to make sure they are delivering as promised. In doing so, companies can invest more smartly and protect more.
SafeBreach clients include large global enterprises in financial services, healthcare, manufacturing, telecommunications, retail and other industries. Notable customers include PayPal Holdings Inc., Johnson & Johnson Services Inc., CVS Health Corp, PepsiCo, The Kellogg’s Co., Cisco Systems Inc., Deloitte Touche Tohmatsu Ltd. and Netflix Inc.
“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,” Guy Bejerano, co-founder and chief executive officer of SafeBreach, said in a statement. “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.”
Including the new funding, SafeBreach has raised more than $106 million to date, including a round of $15 million in May 2018. Previous investors include PayPal, Draper Nexus, Sequoia Capital, Deutsche Telekom Capital Partners and Hewlett Packard Pathfinder.
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