Adaptive Shield, an Israeli cybersecurity startup that specializes in software-as-a-service (SaaS) application security, on Tuesday announced the closing of a $30 million Series A funding round to expand operations around the world.
The latest investment was led by Insight Partners with participation from Okta Ventures and previous lead investor Vertex Ventures.
Adaptive Shield, the brainchild of ex-Proofpoint cloud research expert Maor Bin, came out of stealth one year ago with technology to automate the security of SaaS applications scattered throughout enterprise networks.
The Tel Aviv, Israel-based startup sells technology that automates the management of SaaS applications to pinpoint misconfigurations and other basic errors that expose organizations to major data breaches.
[ READ: Adaptive Shield Emerges From Stealth to Secure SaaS Applications ]
In an interview with SecurityWeek, Adaptive Shield CEO Maor Bin said the company has gained traction with large enterprises that typically deploy multiple SaaS applications at scale. “We’re doing very well with Fortune 500s that deploy 80 SaaS applications, on average. We’re exceeding targets and seeing huge growth.”
Bin said CISOs are desperate for reliable tools to continuously monitor SaaS applications like Salesforce, Office 365, GitHub, Slack and Zoom for the types of misconfigurations targeted by malicious hackers.
“Expecting security teams to stay on top of SaaS Security misconfigurations without a proper SSPM solution in place is like expecting a bodyguard to protect an invisible person,” Bin said.
He argued that “deep visibility and continuous maintenance” of SaaS security hygiene have become crucial parts of security programs globally.
Bin said Adaptive Shield’s flagship SSPM Suite supports more than 50 software-as-a-service applications with plans to triple this over the next year.
He said the company’s technology has been engineered “as a SaaS that integrates with SaaS,” an advantage that means the product can be set up and running live within minutes in a large enterprise.
Once in place, the technology provides visibility — and continuous observability — into an organization’s entire SaaS ecosystem, sending detailed alerts at the first sign of a security misconfiguration and proactively fixing these for all global settings and user privileges.
Related: Adaptive Shield Emerges From Stealth to Secure SaaS Applications
Related: GreyNoise Raises $4.8 Million in Seed Funding to Combat Alert Fatigue

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.
More from Ryan Naraine
- VMware Confirms Exploit Code Released for Critical vRealize Logging Vulnerabilities
- Gem Security Gets $11 Million Seed Investment for Cloud Incident Response Platform
- Ransomware Leads to Nantucket Public Schools Shutdown
- Sentra Raises $30 Million for DSPM Technology
- Saviynt Raises $205M; Founder Rejoins as CEO
- OpenVEX Spec Adds Clarity to Supply Chain Vulnerability Warnings
- Tenable Launches $25 Million Early-Stage Venture Fund
- VMware Plugs Critical Code Execution Flaws
Latest News
- US Downs Chinese Balloon Off Carolina Coast
- Microsoft: Iran Unit Behind Charlie Hebdo Hack-and-Leak Op
- Feds Say Cyberattack Caused Suicide Helpline’s Outage
- Big China Spy Balloon Moving East Over US, Pentagon Says
- Former Ubiquiti Employee Who Posed as Hacker Pleads Guilty
- Cyber Insights 2023: Venture Capital
- Atlassian Warns of Critical Jira Service Management Vulnerability
- High-Severity Privilege Escalation Vulnerability Patched in VMware Workstation
