SaaS Security platforms

Updated: August 09, 2022

2022. Spin Technology raises $16M to protect SaaS apps against attacks

Spin Technology, a data protection software vendor catering to enterprise clientele, has raised $16 million in a Series A. Spin Technology's platform uses AI to detect “shadow IT” activities in cloud SaaS environments. Spin acts like a kind of souped-up antivirus program, scanning SaaS apps using an algorithm and database of malicious apps and browser extensions. The platform can detect ransomware across platforms including Google Workspace, Microsoft Office 365 and Salesforce, performing automatic risk assessments and backups and allowing users to create policies that dictate access management.

2022. Coro secures $60M for an all-in, SaaS-based cyber protection platform aimed at SMBs

Coro, a startup building an all-in-one cybersecurity platform aimed at mid-market companies, with functions to monitor devices, users, email, networks, data and apps and remediate any malicious activity — has raised $60 million, funding it plans to use to continue doubling down on this particular gap in the market. Priced at $7 per user per month, it claims to be able to automate and take care of 95% of the security workload that might be generated at a typical business.

2022. Wing Security launches its end-to-end SaaS security platform, raises $26M

Wing Security, SaaS security solution, which is launching out of stealth, has raised $20 million Series A funding round, aims to offer a comprehensive end-to-end SaaS security platform that can help businesses discover, monitor and — if needed — automatically remediate potential security issues with how their employees are using any of over 100,000 SaaS tools. Wing offers a platform that can discover all of the SaaS services being used inside a company — without having to install agents on users’ devices. To do this, the service integrates with some of the major SaaS applications in use in a given company (think Slack, Salesforce, Zoom etc.) and then looks at the activity happening there and the connections to those applications.

2021. AppOmni raises $40M for tools to secure enterprise SaaS apps

AppOmni, a startup which has built a platform to help monitor SaaS apps and their activity, provide guidance to warn or block when things might go wrong and fix problems when they do occur - has raised $40 million in a Series B. The company today integrates with more than 100 connectors, platforms used by developers and IT teams at companies to manage the apps that their businesses use, such as tools like Splunk and Sumo Logic. Through this, AppOmni is able to aggregate and normalize event data around those apps, in addition to deeper monitoring in cases where it can integrate with apps themselves (those integrations to date include some of the most popular apps that enterprises use today, including Salesforce and Slack, Zoom, Microsoft 365, Box and GitHub).

2021. Grip Security raises $6M to improve SaaS security

Grip Security, that provides enterprises with full visibility into their SaaS portfolios through enforceable endpoint-centric access controls and new data governance capabilities that work across devices and locations, has raised a $6 million seed round. Most of the popular cloud access security brokers (CASBs) today were founded around 10 years ago and then later acquired by other major players like Microsoft, Cisco and Proofpoint. But Grip Security argues that the problems with protecting SaaS today is fundamentally different from those 10 years ago. The promise of Grip Security is that after a quick installation, enterprises get full visibility into which applications their employees actually use. Yaari wasn’t quite ready to give away the secret sauce of how Grip does this, though. But he noted that this is a non-intrusive solution.

2020. Adaptive Shield raises $4M for its SaaS security platform

Adaptive Shield, a Tel Aviv-based security startup, has raised $4 million seed round. The company’s platform helps businesses protect their SaaS applications by regularly scanning their various setting for security issues. As companies adopt a large variety of SaaS applications, all with their own security settings and user privileges, security teams are often either overwhelmed or simply not focused on these SaaS tools because they aren’t the system owners and may not even have access to them. Adaptive Shield allows to log into SaaS services through its firewall. Currently, the company supports most of the standard SaaS enterprise applications you would expect, including GitHub, Office 365, Salesforce, Slack, SuccessFactors and Zoom. he company already has paying customers, including some Fortune 500 companies across a number of verticals.