Grip Security A leading SaaS Security startup established in February 2021, announced a $ 19 million Round A round of funding, bringing the company’s total funding to $ 25 million in just nine months.
The current recruitment is one of the fastest A recruitments this year in the cyber field. The round was led by Intel Capital and was attended by YL Ventures, which led the company’s lime round last April.
Grip provides security teams in organizations with full visibility of all SaaS applications in the organization, giving them comprehensive control, including shadow applications, without compromising performance or interfering with the organization’s work processes.
The platform automatically detects hundreds of applications, active accounts, and even dormant accounts with unsupervised and ongoing access to customer data. Mapping and identifying applications is only the first step, as the company’s solution enables security teams to manage access to assets and enforce corporate security policies on these applications.
Grip Security was founded by Lior Yaari (CEO), Idan Fest (VP of Technology) and Alon Shenkler (VP of Research and Development) in February 2021. In the last nine months dozens of customers have started using Grip’s product, from unicorns to Fortune 500 companies. The amount raised will be used by the company to increase the number of employees from 25 to over 75 in the coming year, to accelerate product development and expand penetration into the American market.
“The rapid growth of the company and the spirit of recruitment 9 months after the establishment, rely on the exceptional staff built in it.” Said Lior Yaari, CEO and co-founder of Grip Security. “As a company, it is important to us that all employees feel connected to action and the product.”