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Safe Security Raises $50M Series B Round for AI-Driven Cybersecurity Platform

April 18, 2023
in Metaverse
Reading Time: 3 mins read
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Revealed: 18 April 2023, 12:00 pm Up to date: 18 Apr 2023, 12:00 pm

Secure Safety, an AI-based cyber danger administration SaaS platform, right now introduced the shut of a $50 million Sequence B spherical led by Sorenson Capital, bringing the corporate’s complete funding to over $100 million.

The spherical was joined by Eight Roads, the enterprise capital arm of Constancy Investments, Telstra Ventures, WTI, and all current traders.

Secure Safety claims that its platform is the business’s first AI-driven, real-time resolution for managing and mitigating cyber danger. The corporate says that its platform’s AI-driven predictive knowledge fashions are co-developed with MIT. Though Secure has printed complete sources about its know-how on its web site, it has not spoken extensively in regards to the AI know-how behind its cybersecurity options.

In line with a press launch, Secure provides organizations an aggregated view of enterprise cyber danger, enabling cybersecurity groups to realize visibility throughout their complete assault floor, know-how, folks, and third events.

With read-only APIs from over 50 know-how instruments, Secure may be built-in with among the world’s greatest tech platforms, together with Adobe Expertise Supervisor, AWS, Azure, Google Workspace, Microsoft 365, and extra.

A lot of Secure’s clients are healthcare and monetary organizations similar to hospitals and banks. It has additionally served family names like KFC, Chipotle, and EY. Saket Modi, CEO and co-founder of Secure Safety, mentioned that Secure has been rising over 200% for 3 consecutive years attributable to tailwinds from regulators, cyber insurance coverage, and boards to grasp and quantify cyber danger in an aggregated method.

Moreover, Secure allows prime safety officers (generally known as CISOs) to verify how nicely their present safety measures are working. The platform makes use of two vital frameworks (referred to as MITRE ATT&CK and D3FEND) to map out potential cyber dangers and determine any areas that want enchancment. However Secure isn’t only for tech consultants. It additionally offers a easy, easy-to-understand view of cyber danger for firm bosses like CEOs and CFOs.

Shaun Khalfan, CISO for Uncover Monetary Companies, mentioned: “Uncover treats cyber danger as one of many prime dangers that may have a cloth affect to our enterprise, and the journey to managing that danger begins from realizing the place it stands at any given time. The SAFE platform offers us with a a lot simpler onboarding expertise and objectively showcases the chance of business-critical purposes and property.”

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