Cybersecurity Firm SafeBreach Raises $15M With Help From Paypal, Deutsche Telekom
May 8, 2018 | Israeli-founded cybersecurity company SafeBreach announced that it raised $15 million in a strategic funding round led by Draper Nexus with participation from PayPal and existing investors Sequoia Capital, Deutsche Telekom Capital Partners and HPE Pathfinder. SafeBreach says it offers “the most comprehensive Breach and Attack Simulation platform in the industry — with a playbook of over 3400 breach methods, along with the most flexible prioritization capabilities and most extensible remediation options,” according to a company statement, which added that the technology “has been able to uncover unknown or unexpected security issues in the most sophisticated security environments.” SafeBreach CEO and co-founder Guy Bejerano said that “Simulating attacks is critical to understanding the bigger picture of infrastructure and asset risk, but alone, it’s not enough. Simulations need to inform prioritized actions. Our new, unique capabilities were built to provide the most effective breach method coverage, identify and prioritize critical results, and quickly remediate issues to enable customers to stay ahead of attacks.” With headquarters in California and an R&D center in Tel Aviv, SafeBreach was founded in 2014 by Bejerano and CTO Itzik Kotler, veterans of the IDF Air Force and IDF Intelligence unit 8200. The company has won a number of awards and recognitions, and previously raised $19 million in funds in 2016 and 2015.