AppOmni, a San Francisco, CA-based provider of SaaS security, has received follow-on investments from TSG, as well as other funds, adding to the company's Series C round announced in June 2022.
The capital will bolster AppOmni’s go-to-market expansion in EMEA and Asia/Pacific and the company’s product development, extending both the breadth of SaaS app coverage and the depth of functionality.
In addition to this latest injection of capital, AppOmni is also announcing its recent SOC 2 Type 2 designation and the award of its newest patent related to SaaS security remediation.
“I’m excited to welcome TSG as the newest AppOmni investor. We continue to grow rapidly in terms of revenue, customer base, geographies, and product capabilities,” said Brendan O'Connor, CEO, and co-founder of AppOmni. “We have incredible momentum across the company, particularly as this additional capital coincides with our recent SOC 2 Type 2 designation and latest patent covering SaaS security remediation. These achievements will enable us to accelerate our product roadmap and extend our leadership position in the global SaaS security space.”
AppOmni is now the first major SaaS security vendor to be awarded the SOC 2 Type 2 designation. SOC 2 Type 2 evaluates criteria over an extended period and is more stringent than SOC 2 Type 1, which is evaluated at a single point in time.
This certification strengthens AppOmni’s ability to serve as a vendor to many leading enterprises, especially those housing sensitive data or in highly regulated industries such as banking, government, and healthcare.
The company also announced its latest patent: US11418393B1—Remediation of detected configuration violations. This patent covers various processes, products, and systems related to the remediation and auto-remediation of security issues within SaaS applications.
Company: AppOmni Inc
Raised: Undisclosed
Round: Follow-on Investments
Funding Month: December 2022
Lead Investors: TSG
Additional Investors:
Company Website: https://appomni.com/
Software Category: SaaS Security Solution
About the Company: AppOmni is a provider of enterprise-level SaaS security. Its patented technology and Developer Platform make it easy for security and IT teams to protect and monitor their entire SaaS environment, across all standard and custom SaaS applications. AppOmni deeply scans APIs, security controls, and configuration settings to evaluate the current state of SaaS deployments and compare them against best practices and business intent. The result is unprecedented visibility, management, and security of SaaS solutions, enabling organizations to establish rules for data access, data sharing, and third-party applications that will be continuously and automatically validated. AppOmni is trusted by many of the world’s largest enterprises across technology, healthcare, banking, and security. AppOmni was named a 2021 SINET16 Innovator, one of Dark Reading’s “11 Cybersecurity Vendors to Watch in 2021,” and is a 2022 CyberTech 100 company.
Source: https://appomni.com/press_release/appomni-adds-to-series-c-funding-with-new-investment-from-tsg/