Cyber firm SafeBreach scores $53.5m Series D to push forward expansion

Breach and attack simulation (BAS) platform SafeBreach has raised $53.5m from a Series D round led by Sonae IM and Israel Growth Partners.

The round also witnessed participation from Sands Capital, Leumi Partners and a number of other investors. Following this round, SafeBreach has raised a total of $106.5m since its founding. Last year, the company raised $19m in its Series C round.

Established in 2014, SafeBreach provides a breach-and-attack-simulation platform which offers a real-time “hacker view” of the security posture of an enterprise. Its technology uses this to proactively predict attacks, validate security controls and improve the security operations centre analyst response capabilities.

The platform automatically executes thousands of breach methods to validate the security of the company. The company has locations in California and Tel-Aviv.

According to SafeBreach, the newly raised capital will be used to speed up innovation in its core product platform and expand the company’s market reach, with the firm looking at doubling the size of its team in the EMEA and APAC regions.

Sonae IM managing partner Carlos Alberto Silva will join the SafeBreach board. He remarked, “SafeBreach is the most comprehensive breach and attack simulation platform on the market. Not only does it have the largest playbook containing over 21,000 breach methods; the platform also has flexible prioritization capabilities, extensive integrations and extensible remediation options.”

SafeBreach co-founder and CEO Guy Bejerano said, “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 our evolving threat landscape, many organisations 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.”

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