Safe Security, a Palo Alto, CA-based provider of an AI-based cyber risk management SaaS platform, raised $50M in Series B funding.
The round, which brought the total amount to over $100M, was led by Sorenson Capital, with participation from Eight Roads, Telstra Ventures, WTI, and all existing investors.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Saket Modi, Safe Security provides acyber risk management SaaS platform for managing and mitigating cyber risk. With this new data driven approach, Safe provides organizations an aggregated view of enterprise cyber risk, and cybersecurity teams gain visibility across their entire attack surface, technology, people, and third parties. This visibility enables organizations to take on a predictive posture to understand the likelihood of different cyber risk scenarios. Using its predictive AI driven data models, co-developed with MIT, customers can prioritize their cyber investments to mitigate their risk.
FinSMEs
18/04/2023