Today, we’re thrilled to announce that SafeBase secured $33 million from a Series B funding round. The latest investment takes our total funding beyond $50 million, with Touring Capital leading the round and strategic investor Zoom Ventures participating. 

The need for trust in today's software market

As software buyers become increasingly cautious, third-party vendors are experiencing heightened pressure to demonstrate their reliability and safety. Traditional security reviews are notorious for their friction-filled processes, often leading to prolonged sales cycles and eroded trust between buyers and vendors. SafeBase is committed to making these security reviews better, focusing on transparency and automation in risk management.

As the preferred platform for many high-profile companies such as Abnormal Security, Amplitude, Asana, Axonius, ClickUp, Datadog, Gigamon, GitLab, Jamf, LinkedIn, OpenAI, Plaid, Postman, and Ramp, SafeBase is changing the way businesses display their trust and security posture. 

As our co-founder and CEO Al Yang states: 

“Today’s approach to buyer security reviews is broken. It’s time we say goodbye to security through obscurity and make it easier for buyers to understand a prospective vendor’s security and trust posture without having to jump through hoops. 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.”

The foundation for the SafeBase Trust Center Platform

“Security is no longer just a requirement — it’s a strategic imperative for success. Traditional security review processes often act as roadblocks, hindering customer transparency, delaying sales cycles, and compromising the buyer experience,” said Priya Saiprasad, Co-Founder and General Partner at Touring Capital. “SafeBase is not just reimagining the security review process; they are leading the trust center market with a product that has set a new industry standard.”

Designed with transparency at its core, The SafeBase Trust Center Platform provides a centralized and automated method for trust management. Our platform is built on five pillars that create customer trust and inform everything we do at SafeBase, from delivering exceptional customer experiences for vendors and buyers, to innovating on our leading trust solution.

  • Transparency: Build trust through transparency with a visible, accessible, and easily articulated security posture.
  • Proactivity: Make it easy for your customers to get the security information they need, when they need it.
  • Connectivity: Deliver a seamlessly integrated security review experience for you, your teams, and your customers.
  • Control: Get flexible, real-time oversight into how customers access and use your security information.
  • Insights: Do more with your data, inform your security programs, and optimize your trust posture.

“The SafeBase Trust Center Platform eliminates the pain of security reviews and builds customer trust through greater transparency, proactivity, connectivity, control, and insights,” said Adar Arnon, co-founder and CTO. “By building our platform on this foundation, we provide our customers with a scalable, transparent, buyer-forward approach that empowers their security and revenue teams with the insight and oversight they need to deliver a winning buying experience, build customer confidence and trust, and drive business outcomes from the start.”

SafeBase’s growth and future prospects

Over the past year, SafeBase has had exponential revenue growth in 2023 and now boasts over 700 customers with a gross retention of 98%. With its Series B funding, SafeBase will continue to transform the future of third-party risk, reshaping how businesses showcase their trust and security posture.

SafeBase is the scalable Trust Center Platform that automates the security review process between buyers and sellers. With a SafeBase Trust Center, companies can seamlessly share sensitive security documentation with buyers and customers, including streamlining the NDA signing process by integrating with your CRM and your data warehouse. 

If you’re ready to take back the time your team spends on security questionnaires, create a better buying experience, and position security as a key business driver, get in touch with us.