Nearly two years have come and gone since Adar and I were admitted to Y Combinator’s accelerator program in the midst of the Covid-19 pandemic. Our mission - to create a world in which companies with great security programs are rewarded for their efforts - became even more important as we witnessed a gradually evolving business climate which brought along with it an unprecedented need for improved and streamlined security processes.
Today, we’re extremely excited and proud to announce the completion of a key milestone - a successful $18 million Series A funding round led by global venture capital firm New Enterprise Associates (NEA). I am particularly excited about Hilarie Koplow-McAdams joining SafeBase’s Board of Directors to further solidify our leading position in the market. Hilarie, who has decades of experience leading tier-one software companies, including Salesforce and New Relic, will serve as a strong partner and advisor as we expand beyond our 100+ customers.
For too long, companies have settled for laborious, siloed, and static processes when evaluating new enterprise technology from third-party vendors. Data breaches are on the rise, leading to increased spending, overworked security teams, and strained customer relationships. SafeBase is here to change that. It’s time we empower information security and sales teams with automated solutions to make security assessments efficient and effective while arming customers with the confidence to make faster decisions for new technology. The result - enhanced mutual trust and decreased sales cycles - a win-win for everybody.
At SafeBase, we want companies of all sizes and sectors to be able to communicate their security posture to the world. We’re proud that the investors at NEA share our vision and are joining our mission in bringing our smart trust center to any company that’s serious about building and maintaining customer trust.
Finally, it goes without saying that this is a shared celebration. SafeBase wouldn’t be where we are without the incredible passion of our team, who truly embody the ethos of the company. I thank you all from the bottom of my heart. We look forward to more exciting developments as the company continues its mission, with you all leading the charge.
To see the full announcement on TechCrunch, visit: https://cutt.ly/4AD9FJA
To see NEA's announcement, visit: https://cutt.ly/qAK3Hsh