Grip Security Raised $41M Series B

Tel Aviv-based, Grip Security a SaaS company raised $41 million led by Third Point Ventures in a Series B round.

YL Ventures, The Syndicate Group, and Intel Capital actively backed the round. This round brought total funding to $66 million.

Tel Aviv-based Grip Security SaaS $41M

CEO of Grip Security, Lior Yaari said that the raised funds will enable Grip Security to advance product development and accelerate growth. He further said managing SaaS risks in the IT landscape is important and become a need for CISOs.

Grip Security is a SaaS identity risk management platform known for its unique capabilities. Due to budget constraints, IT companies have to reevaluate their security budget every single time and SaaS identity risk management is an underrated area to invest.

Moreover, Grip Security has proven the best solution for SaaS companies that are struggling with the identity risk issue. Also, Grip has shown a 400% year-on-year growth.

Also Read: Linden Capital Partners Received Investment By Lunate Capital and Blue Owl’s GP Strategic Capital Platform

By Admin

Leave a Reply

Your email address will not be published. Required fields are marked *