Adaptive Shield, a Tel Aviv-based startup that automates the security of software-as-a-service (SaaS) applications, raised $30 million in Series A funding led by Insight Partners.
The funding round, which also saw participation from Okta Ventures and existing investor Vertex Ventures Israel, follows a $4 million seed round in 2019.
The company will use this latest investment to further accelerate growth through product innovation and global expansion, as well as to build out its research and development, customer success, and sales teams.
Company: Adaptive Shield
Raised: $30.0M
Round: Series A
Funding Month: October 2021
Lead Investors: Insight Partners
Additional Investors: Okta Ventures, and Vertex Ventures Israel
Company Website: https://www.adaptive-shield.com/
Software Category: SaaS Security Posture Management Platform
About the Company: Adaptive Shield is a developer of a security posture management platform used to help businesses manage their cloud services. Its services provide a continuous, automated solution and built-in knowledge base to not only make SaaS security possible but to make it easier than ever that enables organizations to adopt best practices, security frameworks, and benchmarks.
Source: https://techcrunch.com/2021/10/05/adaptive-shield-lands-30m-series-a-to-build-out-its-saas-security-platform/