SafeBreach, a Tel Aviv, Israel-based breach and attack simulation (“BAS”) platform provider, raised $53.5m in Series D funding.
The round was led by Sonae IM and Israel Growth Partners (IGP), with additional participation from Sands Capital and Leumi Partners and strategic investment from ServiceNow, as well as participation from existing investors. In conjunction with the funding, Carlos Alberto Silva, Managing Partner at Sonae IM, and Assaf Harel, General Partner at IGP, will be joining the SafeBreach board, and Scott Frederick, Managing Director at Sands Capital will be added as a board observer.
The company intends to use the funds to accelerate plans to expand its market presence to new geographies and evolve its offerings.
This operation represents the largest investment to date in a breach and attack simulation vendor, and more than doubles the investment in SafeBreach, bringing the company’s total funding to over $106 million.
Led by Guy Bejerano, co-founder and CEO, SafeBreach is a leader in the Breach and Attack Simulation (BAS) market, providing a continuous security validation platform. The patented platform automatically and safely executes thousands of attack methods to validate network, endpoint, cloud, container and email security controls against its Hacker’s Playbook™, a large collection of attack data broken down by methods, tactics and threat actors.
The company currently protects nearly 100 enterprise customers, all within the Fortune 1000 and including the top five largest financial, healthcare and pharmaceutical companies who are at the forefront of developing COVID-19 vaccines and remediation.