Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

CISO Strategy

SafeBase Scores $33M Series B Investment

SafeBase has raised north of $50 million since launching in 2020 with plans to simplify vendor risk assessment disclosures.

San Francisco startup SafeBase has attracted $33 million in new financing and investors continue to place big bets on companies in the vendor risk management and disclosure business.

SafeBase said the Series B financing was provided by Touring Capital, Zoom Ventures, NEA (New Enterprise Associates), Y Combinator, Comcast Ventures, and Cerca Partners.

The company has found traction with technology that helps vendors share security posture information and automate access to sensitive documents like pen-test and attack surface management reports.

SafeBase has raised north of $50 million since launching in 2020 with major ambitions to simplify the painful process of managing spreadsheets and questionnaires during vendor risk assessments.

“Historically, these security reviews have been plagued by friction-filled processes that delay sales cycles and damage the trust between buyers and vendors,” SafeBase said in a note announcing the new capital raise.

The company’s flagship SafeBase Trust Center Platform product provides the plumbing to  allow companies to communicate their security and trust posture while automating access to sensitive documents, company data, and other key security artifacts. 

SafeBase said its AI-powered Questionnaire Assistance product is being used by security, GRC, and revenue teams to significantly reduce the need for time-consuming security questionnaires.

Related: The VC View: Vendor Risk Management

Advertisement. Scroll to continue reading.

Related: Vendor Risk Management Firm Black Kite Raises $22 Million

Related: Investors Bet Big on Safe Security for Cyber Risk Management

Written By

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

People on the Move

Digital executive protection services provider BlackCloak has appointed Ryan Black as CISO.

Joe Levy has been appointed Sophos' permanent CEO, and Jim Dildine has been named the company's CFO.

CISA executive assistant director for cybersecurity Eric Goldstein is leaving the agency after more than three years.

More People On The Move

Expert Insights

Related Content

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

SecurityWeek talks to Chief Information Security Officers from Bill.com, FreedomPay, and Tassat about their role and experience as CISOs.

CISO Conversations

SecurityWeek talks to Dennis Kallelis (CSO at Idemia) and Jason Kees (CISO at Ping), two of industry’s identity giants. The idea, as always, is...

CISO Conversations

While the BISO might appear to be a new role, it is not – and understanding its past provides insights into its present.

CISO Conversations

U.S. Marine Corps and SAIC CISOs Discuss the Differences Between Government and Private Industry

CISO Conversations

SecurityWeek talks to Field CISOs, Fawaz Rasheed (VMware Carbon Black) and Nabil Hannan (NetSPI), about this emerging role.

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.