Sweet Security, a Tel Aviv-Israel-based cloud security company leveraging deep runtime analysis to identify and address cloud risks, has raised a $33 million Series A funding round.
SaaS Investors
The funding round was led by Evolution Equity Partners, with participation from Munich Re Ventures and Glilot Capital Partners.
Founded in 2008, Evolution Equity Partners is a growth capital investment firm based in New York, New York. The firm prefers to invest in operating in cybersecurity, enterprise software, big data, machine learning, artificial intelligence, SaaS, and mobile sectors.
Sweet Security Use of Funds
The company plans to utilize the funding to scale up its operations in the U.S. and expand its platform.
The company has introduced new enhancements to its unified runtime platform, including first-to-market runtime posture enhancement and runtime non-human identity management (NHI).
About Sweet Security
Founded by Dror Kashti, Eyal Fisher, and Orel Ben-Ishay, Sweet Security offers the first comprehensive runtime security suite for the cloud. Sweet's runtime security platform, launched in August 2023, utilizes patent-pending eBPF-based technology to identify critical anomalies across application, network, and non-human identities, providing actionable insights for managing cloud risks effectively. The platform enables security teams to detect and respond to vulnerabilities, manage posture, and handle non-human identities in real-time, without overwhelming them with noisy alerts from passive API scans. Sweet's novel technology, incorporating sensor-based technology and Layer 7 capabilities, enhances runtime posture and NHI management, providing organizations with precise insights into their cloud workloads.
Funding Details
Company: Sweet Security, Ltd.
Raised: $33.0M
Round: Series A
Funding Month: March 2024
Lead Investors: Evolution Equity Partners
Additional Investors: Munich Re Ventures and Glilot Capital Partners
Company Website: https://www.sweet.security/
Software Category: Cloud Security
Source: Ronny Hassid