Top 10: Security as a service platforms

Updated: July 30, 2023

Security as a Service (SECaaS) is a cloud-based cybersecurity model that delivers a wide range of security solutions and services to businesses without the need for on-premises infrastructure or dedicated security teams. With SECaaS, organizations can outsource their security needs to a third-party provider, who takes responsibility for managing and monitoring security measures, such as firewall protection, intrusion detection, malware scanning, data encryption, and access control. This model allows businesses to scale their security solutions as per their requirements, ensuring they stay protected against the evolving landscape of cyber threats. SECaaS offers cost-effectiveness, flexibility, and continuous updates to keep security measures up-to-date, all while alleviating the burden on in-house IT teams. It empowers organizations of all sizes to access enterprise-grade security solutions without the significant upfront investment, making it an increasingly popular choice for bolstering cybersecurity in the digital age. Some of the most popular security as a service platforms are listed below.

See also: Top 10 Cloud Security Software

2022. DataGuard locks down $61M for data protection as a service



DataGuard is a startup based in Munich that has embraced the SaaS business model to offer privacy, information security, and other data protection solutions as a set of on-demand, cloud-based tools, catering specifically to small and medium-sized businesses. The company has recently announced the successful completion of a Series B funding round, securing $61 million. DataGuard provides a comprehensive range of tools addressing privacy, information security, and compliance. These tools assess how organizations utilize data and analyze it to determine their compliance with various certifications such as GDPR, CCPA, ISO 27001, TISAX, or SOC 2. If non-compliance is detected, DataGuard offers guidance on the necessary steps to achieve compliance.


2021. Aqua Security raises $135M for its cloud native security platform



Aqua Security, a security startup specializing in safeguarding cloud-native services, has successfully raised $135 million in Series E funding, valuing the company at $1 billion. Aqua Security stands out as one of the earliest pioneers in container deployment security. While many of its competitors have been acquired over the years, Aqua Security has maintained its independence and is now poised for a potential IPO. Initially, the industry's primary focus revolved around Docker and Docker containers. However, the landscape rapidly shifted to Kubernetes, which has become the de facto standard. In addition to Kubernetes, enterprises are also exploring serverless computing and other emerging technologies atop this new technology stack. Aqua Security is well-positioned to address the evolving security needs of enterprises in this dynamic ecosystem.


2020. Cyberpion raises $8.25M to help businesses secure assets beyond their firewall



Cyberpion, a cybersecurity startup, has successfully raised $8.25 million in seed funding. The company's primary objective is to assist enterprises in identifying and mitigating risks that arise from their connections to infrastructure assets. By examining a company's interactions within the public internet infrastructure, Cyberpion assesses its security posture against potential hacker attacks. This includes evaluating not only a company's connections with individual vendors but also how it is interconnected with others. Through this analysis, Cyberpion uncovers both known and unknown assets within a company's ecosystem, enabling continuous scanning for security vulnerabilities. In addition, the platform provides timely alerts and recommendations to address these issues effectively.


2020. Security as a service provider Expel lands $50M



Expel, a startup founded four years ago, has recently revealed a $50 million Series D funding. Expel specializes in providing security operations as a service, aiming to equip customers with a comprehensive toolkit that leverages automation to minimize the workforce necessary for maintaining organizational safety. With the scarcity of experienced security professionals in many companies, Expel addresses a genuine pain point by utilizing automation as a solution.


2015. Microsoft acquired cloud security provider Adallom



Microsoft has recently completed the acquisition of Adallom, a cloud security firm. Adallom specializes in offering security-as-a-service based on identity to protect enterprise application data and content stored on third-party cloud platforms. Adallom's clients include notable companies like Hewlett-Packard (HP), LinkedIn, Netflix, and SAP. On Adallom's homepage, the company expressed its enthusiasm for becoming part of Microsoft and the opportunity to help a broader range of customers effectively use cloud applications while maintaining strong security measures. While the integration with Microsoft takes place, Adallom will continue its regular operations, selling its solutions and providing support to existing customers.