SafeBreach raises $15 million Series B funding

SafeBreach, a breach and attack simulation platform with offices in California and Israel, recently announced $15 million in Series B funding.

The round was led by Draper Nexus, with additional participation from PayPal and existing investors Sequoia Capital, Deutsche Telekom Capital Partners and HPE Pathfinder. It brings total disclosed investment in the company since its founding in 2014 to $34 million.

Simulating attacks is critical to understanding the bigger picture of infrastructure and asset risk, but alone, it’s not enough.

– Guy Bejerano, CEO and Co-founder, SafeBreach

“CISOs and their security teams have spent considerable amounts of time and money implementing best-of-breed technologies, but today’s ever changing IT environments make it challenging to understand whether these security products can actually stand up to attacks,” said Rio Maeda, Managing Director at Draper Nexus.

Maeda added: “The SafeBreach platform has seen hypergrowth adoption in helping security teams continually prove people, process and technology are actually working. We invest in transformative technologies, and are excited to partner with the leader in this market.”

The company also announced record growth and new product capabilities, including incident response features which allow users to more effectively prioritise areas for remediation and take action to prevent attacks.

“Simulating attacks is critical to understanding the bigger picture of infrastructure and asset risk, but alone, it’s not enough,” said SafeBreach’s CEO and cofounder Guy Bejerano. “Simulations need to inform prioritized actions. Our new, unique capabilities were built to provide the most effective breach method coverage, identify and prioritize critical results, and quickly remediate issues to enable customers to stay ahead of attacks.”

Researcher, writer, recovering medievalist. Currently particularly interested in the cybersecurity solutions market, cyber insurance/risk modelling, and IoT security.

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