SafeBreach Raises $15M to Help Firms Test Their Security Readiness
The security firm aims to better help organizations defend against the "Hacker Playbook," techniques used by attackers to infiltrate a network.After seven months of general availability, security vendor SafeBreach on July 26 announced that it has raised $15 million in a Series A round of funding, bringing total funding to date for the company to $19 million. SafeBreach will use the new funding help its research and development efforts as well as market expansion. SafeBreach officially launched in January with the promise of helping organizations run simulated attacks to test for security readiness. Among its Series A investors are Deutsche Telekom Capital Partners, Hewlett Packard Pathfinder, Maverick Ventures and Sequoia Capital. "A lot things have happened at SafeBreach since January. We've acquired dozens of customers from various verticals that have validated our value proposition," Guy Bejerano, CEO and co-founder of SafeBreach, told eWEEK. "Today we have customers using our platform in production, looking at security posture and identifying gaps." Bejerano noted that he's particularly happy that a number of his early customers have begun taking SafeBreach analysis reports to their company boards of directors. The security discussion at the board level now is about data from SafeBreach reports, he added.
Board-level reporting is a topic that was discussed earlier this year in a report from security firm Bay Dynamics, which found that many boards don't get the information they need.