SafeBase, a San Francisco, CA-based provider of a platform for security reviews, raised $33M in Series B funding.
The round was led by Touring Capital with participation from Zoom Ventures, NEA, Y Combinator, Comcast Ventures, Cerca Partners, as well as prominent cybersecurity executives including former Salesforce Chief Trust Officer, Jim Alkove.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Al Yang, SafeBase provides the Trust Center Platform which enables companies to communicate their security and trust posture while automating access to sensitive documents, company data, and other key security artifacts. The company’s flagship Trust Center and AI Questionnaire Assistance products empower security, GRC, and revenue teams to reduce the need for time-consuming security questionnaires, deliver improved buying experiences, accelerate sales velocity, and position security as a revenue enabler. Companies such as Abnormal Security, Amplitude, Asana, Axonius, ClickUp, Datadog, Gigamon, GitLab, Jamf, LinkedIn, Plaid, Postman, and Ramp, use it to build and maintain customer trust.
Commenting on the news, Al Yang said: “We’re excited our investors are doubling down on our vision to create a world where security and third-party risk assessments are done in real-time with no friction. This investment will enable us to build out our platform across the trust ecosystem and transform the future of third-party risk.”
FinSMEs
30/04/2024