Cybersecurity startup Grip raises $19 million in Series A nine months after founding
The Israeli company’s automated solution discovers shadow applications and dormant accounts that have ungoverned continued access to customer data, production environments and more
Cybersecurity company Grip Security, founded in February of this year, announced on Tuesday that it has raised $19 million in Series A funding, taking it to a total of $25 million in just nine months since its inception. The round was led by Intel Capital with participation from existing investor YL Ventures, who led Grip’s $6 million Seed round in April this year.Due to rapid adoption of SaaS over the past decade, organizations today rely on hundreds, if not thousands, of business-critical applications, with access to all sensitive organizational assets production environments, customer data, sales information, source code and more. While crucial for business, this reliance creates a new and evolving risk surface, which Grip’s platform aims to secure.