Grip Security, a Tel Aviv, Israel – based SaaS security startup, raised $19M in Series A funding.
The round was led by Intel Capital with participation from existing investor YL Ventures.
The company, which has raised a total of $25M, intends to use the funds to continue to triple its headcount in 2022 from 25 employees today to more than 75, accelerate product development and expand its go-to-market in the US.
Founded by Lior Yaari (CEO), Idan Fast (CTO), and Alon Shenkler (VP R&D) in February 2021, Grip Security provides an automated solution that discovers hundreds of shadow applications and thousands of dormant accounts that have ungoverned continued access to customer data, production environments and more. In the past nine months, the solution has been deployed by dozens of customers, from small startups to Fortune 500 market leaders.