What is Grip Security?
Grip Security is a fast-growing startup operating in the software-as-a-service (SaaS) security industry. The company provides innovative solutions designed to secure the entire organization-to-SaaS surface. By leveraging cutting-edge technologies, Grip Security addresses the critical enterprise challenge of governing employee access to thousands of third-party SaaS applications, such as GitHub, SendGrid, and Atlassian, while ensuring no residual or unwanted access remains. This focus on comprehensive SaaS security governance positions Grip Security as a key player in a complex and evolving cybersecurity landscape.
How much funding has Grip Security raised?
Grip Security has raised a total of $66M across 3 funding rounds:
Angel/Seed
$6M
Series A
$19M
Series B
$41M
Angel/Seed (2021): $6M with participation from YL Ventures
Series A (2021): $19M led by Intel Capital and YL Ventures
Series B (2023): $41M supported by YL Ventures, The Syndicate Group, and Intel Capital
Key Investors in Grip Security
YL Ventures
YL Ventures is a venture capital firm with a strong focus on cybersecurity, dedicated to supporting Israeli founders from inception through global expansion. They offer deep security expertise and a robust network of industry leaders.
Intel Capital
Intel Capital, the investment arm of Intel, focuses on innovative startups in areas like AI, autonomous vehicles, and cloud computing. They actively facilitate business development introductions for their portfolio companies.
The Syndicate Group
The Syndicate Group specializes in sales and marketing, acting as a crucial link between manufacturers, distribution channels, and consumers. They possess extensive experience in launching products and national programs across various industries.
What's next for Grip Security?
The substantial enterprise-level capital infusion signifies a pivotal growth phase for Grip Security. This strategic investment is expected to accelerate product development, expand market reach, and enhance the company's capabilities in addressing the intricate challenges of SaaS security governance. With this backing, Grip Security is poised to further solidify its position as a leader in safeguarding enterprise access to a vast array of third-party applications, driving innovation and providing robust security solutions to its growing client base.
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