The round, which brought the total amount of capital raised to date to over $50M, was led by OCV Partners with participation from previous investors Sequoia Capital, Deutsche Telekom Capital Partners, DNX Ventures, Hewlett Packard Pathfinder, and PayPal. In conjunction with the funding, Hemi Zucker, Managing Principal at OCV Partners, will be joining the SafeBreach board of directors.
The company will use the funding to accelerate product development and sales channel and partnership growth on a global scale, and add a suite of new services.
Led by Guy Bejerano, co-founder and CEO, SafeBreach provides a breach-and-attack simulation (BAS) platform to validate security controls, visualize security risk and prioritize remediations. The company’s patented platform provides a near real-time “hacker’s view” of an enterprise’s security posture to proactively predict attacks, validate security controls and improve security operations center (SOC) analyst response capabilities. SafeBreach automatically and safely executes thousands of breach methods validating network, endpoint, cloud and email security controls by leveraging its Hacker’s Playbook™ of research and real-world investigative data.
Customers include dozens of multi-billion dollar entities in financial services, healthcare, manufacturing, telecommunications, retail and other industries. In addition, SafeBreach has added key industry experts and practitioners to its Advisory Board including Christine Herman, VP and Head of Operational Assurance at Morgan Stanley, Yaron Levi, CISO of Blue Cross Blue Shield Kansas City, and Dr. Sunil Lingayat, Chief of Cybersecurity Strategy and Technology at T-Mobile.
Source. FinSMEs, April 16, 2020
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