SafeBreach Raises $15 Million in Series B Funding

Tuesday, 8 May, 2018 In General News, Other News

Attack simulation platform provider SafeBreach on Tuesday announced that it raised $15 million in a Series B funding round, bringing the total raised by the company to date to $34 million.

The latest funding round was led by Draper Nexus with participation from PayPal and existing investors Sequoia Capital, Deutsche Telekom Capital Partners, and HPE Pathfinder.

SafeBreach told SecurityWeek that the funding will be used for continued product innovation, further expansion of marketing and sales, and to support the company’s growing global customer base.SafeBreach raises $15 million

The firm has announced record growth, claiming that bookings increased over 470 percent year-over-year with expanded traction in the Fortune 100 sector.

SafeBreach’s Breach and Attack Simulation platform allows organizations to test their defenses against more than 3,400 breach methods.

Along with the new funding, SafeBreach announced on Tuesday a series of new capabilities for its platform. These include the addition of simulations based on US-CERT alerts and the MITRE ATT&CK framework, and integration with Visa Threat Intelligence for creating breach methods specific to the payment industry.

Organizations using SafeBreach’s platform now enable their security teams to prioritize and drill down into simulation results.

“Organizations can use the Risk Trends, Kill Chain Explorer and simulation analysis dashboards available on the platform, integrate with existing security operations workflows via SafeBreach partnership with industry leading SIEM providers such as Splunk and Arcsight, or utilize existing Business Intelligence tools such as Tableau and Kibana to target critical areas of focus and vastly reduce alert fatigue,” SafeBreach said.

Another new capability added to the SafeBreach platform is designed to accelerate remediation efforts through integration with various third-party solutions, including the Jira and ServiceNow ticketing systems, and the Phantom and Demisto automation and orchestration platforms.

 

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