Savvy, a Tel Aviv, Israel-based cybersecurity company that eliminates workforce-initiated security incidents involving software-as-a-service (SaaS) applications, raised $30M in funding.
The round was led by Canaan, Cyberstarts and Lightspeed.
The company intends to use the funds to expand operations and its business reach.
Led by Guy Guzner, CEO, Savvy provides a Workforce Security Automation platform that addresses human error by empowering SecOps with complete visibility and security automation playbooks for orchestrating SaaS incident response before an unsecure action takes place. By implementing just-in-time guardrails directly into the user workspace as a pop-up security copilot, the platform provides real-time alerts and suggestive guidance to improve user decision-making.
Additionally, it provides visibility into applications not connected to single sign-on (SSO) or cases where users sign in directly with reused, shared, or compromised corporate credentials. Using such credentials is usually undetectable by network security controls, making user offboarding challenging.
Savvy is already deployed by Fortune 500 companies in the hospitality and consumer goods industries, with over 100,000 active users.
FinSMEs
11/07/2023