SafeBase, a San Francisco, CA-based provider of a smart trust center for B2B SaaS companies to close enterprise deals by streamlining the security assessment process, raised $18M in Series A funding.
The round was led by New Enterprise Associates (NEA), with participation from Y Combinator and Comcast Ventures.
The company intends to use the funds to accelerate growth and recruit new talent.
Led by CEO Al Yang, and and CTO Adar Arnon, SafeBase is a smart trust center for sharing the user’s security posture and automating access to sensitive documents. The portal provides companies with “self-serve” access, allowing InfoSec teams to learn everything about a company’s security program, which speeds up the sales cycle while building trust with customer prospects by allowing complete visibility. In addition to security and compliance issues in the sales process, the solution also empowers business development and sales teams to streamline security and compliance processes for companies integrating third-party technology vendors.
The company is designed to automate access and provide security and compliance information for industry standards such as GDPR, HIPAA compliance and SOC2.
SafeBase already has more than 100 customers, including Linkedin, Jamf and cybersecurity company, Snyk.