SafeBreach Closes $53.5 Million Series D New Funding to Fuel Momentum
Breach and Attack Simulation leader to accelerate growth with investment led by Sonae IM, Israel Growth Partners and strategic investor ServiceNow
SafeBreach, the pioneer in breach and attack simulation (“BAS”), today announced that it has raised $53.5 million in Series D funding, led by Sonae IM and Israel Growth Partners (IGP), with additional participation from Sands Capital and Bank Leumi. The latest round also includes strategic investment from ServiceNow, the leading digital workflow company that makes work, work better for people, as well as participation from existing investors. Carlos Alberto Silva, Managing Partner at Sonae IM and Assaf Harel, General Partner at IGP will be joining the SafeBreach board, and Scott Frederick, Managing Director at Sands Capital will be added as a board observer.
This new capital – representing the largest investment to date in a breach and attack simulation vendor – more than doubles the investment in SafeBreach, bringing the company’s total funding to over $106 million. Large global enterprises in financial services, healthcare, manufacturing, telecommunications, retail and other industries turn to SafeBreach for breach and attack simulation as part of their core security strategy to validate controls, improve security posture and mitigate business risk. The new capital will fuel the company’s plans to expand its market footprint to new geographies and evolve its offerings in response to client needs.
According to Gartner, organizations that use the risk-based vulnerability management method will experience 80 percent fewer breaches. The SafeBreach platform presents findings in customized dashboards, enabling stakeholders to focus on the biggest risks to the organization. SafeBreach currently protects nearly 100 enterprise customers, all within the Fortune 1000 and including the top five largest financial, healthcare and pharmaceutical companies who are at the forefront of developing COVID-19 vaccines and remediation.
A pioneer in the Breach and Attack Simulation (BAS) market, SafeBreach is the world’s most widely used continuous security validation platform. The patented platform automatically and safely executes thousands of attack methods to validate network, endpoint, cloud, container and email security controls against its Hacker’s Playbook™, the world’s largest collection of attack data broken down by methods, tactics and threat actors. Founded in 2014 by experienced CISOs, hackers and security entrepreneurs, SafeBreach makes it possible for security teams to invest wisely, protect more and mitigate risk.