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SaaS Security Company Grip Security Emerges From Stealth

SaaS security company Grip Security on Tuesday emerged from stealth mode and announced raising $6 million in seed funding.

Grip Security has developed a platform that is designed to help organizations discover, monitor and secure their SaaS applications, regardless of where they are located and what types of devices they are running on.

The company claims its platform is easy to deploy, it doesn’t impact performance, and it can be used either on its own or to complement an existing cloud access security broker (CASB) solution.

Grip Security says its solution provides comprehensive coverage of SaaS applications, historical visibility into the usage of such apps, insights into the risks posed by SaaS applications, and deep analysis of apps, users and activity. It can also be used by organizations to implement security policies and for protecting sensitive data.

Grip Security was founded by Lior Yaari, who will serve as CEO, Idan Fast, who will serve as CTO, and Alon Shenkler, the company’s VP of R&D.

The seed funding round was led by YL Ventures, with participation from George Kurtz, CEO and co-founder of CrowdStrike; Andy Ellis, former CSO of Akamai; Michael Sutton, former CISO of Zscaler; Sounil Yu, former chief security scientist at Bank of America; Omkhar Arasaratnam, former executive director of data protection engineering at JPMorgan Chase; Sameer Sait, CISO at Amazon’s Whole Foods; Adi Sharabani, former SVP & GM of endpoint solutions at Symantec; and others.

“Current SaaS solutions cover a fraction of applications, or only monitor connections originating from the corporate network and are cumbersome to deploy,” said CEO Lior Yaari. “Our platform helps organizations get a grip on their SaaS security by cost-effectively providing them with the most comprehensive SaaS coverage and governance with zero touch.”

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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.