What is Grip Security?
Grip Security operates at the critical intersection of SaaS security and enterprise identity governance. The company provides a comprehensive platform designed to secure the entire organization-to-SaaS surface, effectively mitigating risks associated with unauthorized or unmanaged access to third-party applications. By leveraging advanced discovery and remediation technologies, Grip Security enables enterprises to gain full visibility into their SaaS ecosystem, ensuring that access to platforms like GitHub, Atlassian, and SendGrid is strictly governed. This proactive approach to security addresses the pervasive problem of shadow IT and leftover access, positioning the firm as a vital partner for enterprises seeking to harden their security posture against evolving digital threats.
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, Intel Capital, and The Syndicate Group
Key Investors in Grip Security
YL Ventures
YL Ventures is a cybersecurity focused venture capital firm that partners with Israeli founders from first idea to global scale, combining deep security expertise, hands on company building support and a powerful network of security leaders and customers.
Intel Capital
Founded in 1991, Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, next-generation compute, and a wide range of other technologies.
The Syndicate Group
The Syndicate Group specializes in sales and marketing, acting as a strategic link between manufacturers and distribution channels to execute successful product and national program launches.
What's next for Grip Security?
With the recent influx of capital, Grip Security is well-positioned to accelerate its product development roadmap and expand its market reach. The company is expected to focus on enhancing its automated governance capabilities, allowing for more granular control over the sprawling SaaS landscape that modern enterprises navigate. As the firm transitions from its current scaling phase toward broader market penetration, strategic priorities will likely include deepening its integration ecosystem and strengthening its presence in key global markets. By continuing to solve the fundamental challenges of SaaS visibility and control, Grip Security is poised to remain a central player in the cybersecurity sector, providing the necessary infrastructure for organizations to operate securely in a cloud-centric world.
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