SaaS Security platforms

2023. Savvy, a platform to secure SaaS apps, launches out of stealth with $30M



Savvy, a startup dedicated to addressing vulnerabilities in SaaS, has secured $30M. Savvy's primary objective is to reduce the occurrence of security incidents related to user actions in SaaS. The company achieves this through the implementation of pop-ups that alert users when they are about to perform actions that are deemed "insecure." By installing Savvy as a browser extension, users can receive notifications for potentially problematic actions on their desktop or laptop, such as sharing sensitive information with ChatGPT. Behind the scenes, security teams have the ability to create automation playbooks that are triggered when users engage in specific actions. The platform allows for tracking improvements over time and provides detailed insights and metrics at the role, team, and user levels. Additionally, the option to perform employee risk profiling is available.


2023. Push Security raises $15M to help SaaS users lower their online vulnerability



Push Security, a startup that enables employee's cloud security not by blocking online activity and app usage, but by monitoring when users are making iffy choices with web-based apps and showing how to fix them, has raised $15M. Push utilizes various methods to ensure secure app usage. Firstly, it observes how employees interact with apps and sends automated suggestions to them when it detects they are using them in insecure ways, such as selecting weak passwords. Secondly, it sends notifications to IT and security teams, providing them with a summary of the app activity to keep them informed. Lastly, it adds the app to a dashboard for the teams to monitor and alerts them when the app poses a threat due to its own security vulnerabilities, and blocks those that are considered to be particularly risky.

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



Data protection software vendor Spin Technology has secured $16 million in a Series A funding round. The company caters to enterprise clients and offers a platform that leverages artificial intelligence (AI) to identify "shadow IT" activities within cloud Software-as-a-Service (SaaS) environments. Spin Technology functions as an advanced antivirus program, employing an algorithm and database of malicious apps and browser extensions to scan SaaS applications. The platform is capable of detecting ransomware across various platforms, including Google Workspace, Microsoft Office 365, and Salesforce. It offers automatic risk assessments and backups, as well as the ability for users to create access management policies.


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



Wing Security, a SaaS security solution, has successfully secured $20 million in a Series A funding round as it emerges from stealth mode. The primary objective of Wing Security is to provide a comprehensive end-to-end SaaS security platform. This platform assists businesses in identifying, monitoring, and automatically resolving potential security issues related to the usage of more than 100,000 SaaS tools by their employees. Wing Security's distinctive feature lies in its ability to discover all the SaaS services utilized within a company without requiring the installation of agents on users' devices. This is accomplished by integrating with major SaaS applications employed by the company, such as Slack, Salesforce, and Zoom, and analyzing the activity and connections within these applications.


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



Securing $40 million in a Series B funding round, AppOmni is a startup that has developed a platform designed to monitor SaaS apps and their activities. The platform offers proactive guidance, issuing warnings or blocking potential issues, and resolving problems as they arise. Currently, AppOmni integrates with over 100 connectors and platforms utilized by developers and IT teams in managing their business applications, including popular tools such as Splunk and Sumo Logic. This enables AppOmni to aggregate and standardize event data from these apps. Additionally, it provides deeper monitoring capabilities by integrating directly with certain applications themselves, with existing integrations including widely used enterprise apps like Salesforce, Slack, Zoom, Microsoft 365, Box, and GitHub.


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



Securing a $6 million seed round, Grip Security offers enterprises comprehensive visibility into their SaaS portfolios with enforceable endpoint-centric access controls and innovative data governance capabilities that function across devices and locations. While many popular cloud access security brokers (CASBs) emerged approximately a decade ago and were subsequently acquired by major players like Microsoft, Cisco, and Proofpoint, Grip Security emphasizes that today's challenges in SaaS protection are fundamentally different. The unique proposition of Grip Security lies in its ability to provide enterprises with immediate insights into the applications utilized by their employees, although the intricate details of their methodology remain undisclosed. Nevertheless, Grip Security assures that its solution is non-intrusive, ensuring seamless implementation and operation.


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



Adaptive Shield, a security startup based in Tel Aviv, has secured $4 million in seed funding. The company offers a platform that aids businesses in safeguarding their SaaS applications by conducting regular scans to identify potential security issues within their settings. Given the wide array of SaaS applications adopted by companies, each with its unique security configurations and user privileges, security teams often find themselves overwhelmed or unable to prioritize these tools, as they may not have ownership or access rights to them. Adaptive Shield overcomes this challenge by allowing secure access to SaaS services through its firewall. Currently, the company provides support for a range of standard enterprise SaaS applications, including GitHub, Office 365, Salesforce, Slack, SuccessFactors, and Zoom. Adaptive Shield has already attracted paying customers, including Fortune 500 companies across various industries.