Adaptive Shield Raises $30M in Series A Funding

Adaptive Shield, a Tel Aviv, Israel-based provider of a SaaS security posture management platform, raised $30M in Series A financing.

The round was led by Insight Partners, with participation from Okta Ventures and existing investor Vertex Ventures Israel.

The company intends to use the funds to continue to expand operations and its business reach.

Led by Maor Bin, CEO and Co-Founder, Adaptive Shield provides a SaaS Security Posture Management Suite that enables companies to secure their SaaS stacks by giving access to visibility and remediation for potential risks caused by misconfigurations and misappropriated privileges.

The system features proactive, continuous and automated monitoring capabilities and a built-in knowledge base of compliance standards and benchmarks. The solution can be live within minutes and, once in place, it delivers customers clear visibility into their whole SaaS ecosystem, sending detailed alerts at the first sign of a security misconfiguration and proactively fixing these for all global settings and user privileges.