SUNNYVALE, Calif., May 08, 2018 (GLOBE NEWSWIRE) -- SafeBreach, the leader in Breach and Attack Simulation, today announced new funding, new product capabilities and record growth. Bookings increased more than 470 percent year-over-year with expanded traction in the Fortune 100. The company added $15 million in strategic funding led by Draper Nexus with participation from PayPal and existing investors Sequoia Capital, Deutsche Telekom Capital Partners and HPE Pathfinder. The company also introduced major new capabilities that set it apart by allowing customers to not only simulate attacks and assess risk, but more effectively prioritize areas for remediation, and take action to stay ahead of attacks.
“CISOs and their security teams have spent considerable amounts of time and money implementing best-of-breed technologies, but today’s ever changing IT environments make it challenging to understand whether these security products can actually stand up to attacks,” said Managing Director Rio Maeda at Draper Nexus. “The SafeBreach platform has seen hypergrowth adoption in helping security teams continually prove people, process and technology are actually working. We invest in transformative technologies, and are excited to partner with the leader in this market.”
Accelerated momentum comes at a time when Breach and Attack Simulation as a sector is drawing increased attention and investment. Industry analyst firm Gartner has established category coverage and last year named SafeBreach among the "Cool Vendors in Monitoring and Management of Threats to Applications and Data 2017."
SafeBreach 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. The platform is designed to be continuous, automated and intuitive, removing human testing biases and eliminating the need for manual creation of methods. As a result, the SafeBreach platform has been able to uncover unknown or unexpected security issues in the most sophisticated security environments.
“Simulating attacks is critical to understanding the bigger picture of infrastructure and asset risk, but alone, it’s not enough,” said Guy Bejerano, CEO & co-founder, SafeBreach. “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.”
The most important new capabilities include:
SafeBreach received numerous awards and accolades throughout 2017, including:
Companies interested in seeing the SafeBreach platform in action can sign up for a demo. Successful techniques and insights from SafeBreach deployments are available in the Hacker’s Playbook Findings Report.
SafeBreach is a leader in the category of Breach and Attack Simulation. The company’s groundbreaking platform provides a “hacker's view” of an enterprise’s security posture to proactively predict attacks, validate security controls and improve SOC analyst response. SafeBreach automatically executes thousands of breach methods from an extensive and growing Hacker’s Playbook™ of research and real-world investigative data. Headquartered in Sunnyvale, California, the company is funded by Sequoia Capital, Deutsche Telekom Capital, Draper Nexus, Hewlett Packard Pathfinder and investor Shlomo Kramer. For more information, visit www.safebreach.com or follow on Twitter @SafeBreach.
CHEN PR for SafeBreach