Security validation platform SafeBreach raises $15M in Series A funding

California-based network security firm, SafeBreach that provides risk quantification and cybersecurity breach validation for organizations has raised $15 million in Series A funding. The round of capital was led by investors including Deutsche Telekom Capital Partners, Hewlett Packard Pathfinder and Maverick Ventures. Existing investors Sequoia Capital and Shlomo Kramer also participated in the financing. The fresh flow of funds, says the company, will be used to expand its research and development efforts. SafeBreach also plans to strengthen its sales and market positioning and beef up its security solutions for consumers in the cybersecurity space. The security validation platform that emerged out of stealth, earlier in January has its R&D unit in Tel Aviv, Israel. And was co- founded by IDF Air Force and IDF Intelligence unit 8200 veterans, Guy Bejerano and Itzik Kotler. In a release, Guy Bejarano, CEO, SafeBreach said: “We had many alternatives for funding but elected to go with strong financial backers with strategic value-add that will help SafeBreach aggressively grow our market leadership. We see the market shifting towards the understanding that while breaches may be inevitable, the impact doesn’t have to be. Our customers are successfully reducing their attack surface and adapting their defenses while using our platform.” According to the company, it enables CISOs to identify the impact from a potential breach on a continuous basis and mitigate gaps before a breach occurs. The SafeBreach centralized management system incorporates the complete Hackers’ Playbook of breach methodologies, and manages a distributed network of breach simulators from a centralized location. Reportedly, its simulators perform the role of the attacker, mimicking traffic within the cyber kill chain and exposing any vulnerability in technology or process.For example, to simulate breach methods for a Payment Card Industry (PCI) credit card exfiltration use case, breach methods are executed between simulators placed in the PCI segments and other segments, including the cloud and Internet. It also pledges deeper integrations with FireEye iSIGHT Intelligence to enhance organizational context and breach scenario simulation while its system on a chip (SOC) teams open security trouble tickets with both JIRA and ServiceNow to initiate the workflow for resolution. And is available as Software as a Service (SaaS) or on premise, with pricing based on the number of simulators. SafeBreach came into being in the year 2014 and since has participated in 2 rounds of funding. In total, SafeBreach has raised $19 million out of which $4 million was led by Sequoia Capital in july, 2015 to compete with companies like Attivo Networks and TrapX in today’s market space. Guy Horowitz, Investment partner, Deutsche Telekom Capital Partners, said: “So many companies chase the same problems, but very few actually grasp the issues that security leaders are struggling with. SafeBreach is coming at security from a strategic viewpoint by providing practical and continuous security validation of enterprise security risks through a ‘hacker’s point-of-view. This allows organizations to quantify cyber threats in advance and mitigate them effectively. SafeBreach is building a tool which every security team should add to their arsenal.”

Abhinav Mohapatra

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