Safebase Acquires Fellow Y Combinator-Backed Stacksi To Fuel Its Vision For Zero-Friction Security Assessments

Sep 06, 2023•almost 2 years ago

Acquiring Company

SafeBase

Acquired Company

Stacksi

San FranciscoInformation TechnologySoftware

Description

SafeBase, the leading Trust Center platform that helps security teams automate the security review process and accelerates sales deals, today announced that it is acquiring Stacksi, the A.I.-powered security questionnaire automation platform. The acquisition advances the two companies’ shared vision to eliminate the time-consuming, cumbersome task of responding to security questionnaires in the B2B buying process.

Company Information

Company

SafeBase

Location

San Francisco, California, United States

About

Every company has to check the security credentials of its software vendors before signing on the dotted line to make a purchase. SafeBase co-founder and CEO Al Yang said the company wants to work with sales teams to speed up what has traditionally been a bottleneck in the sales process. While the company launched in 2020, it already has over 100 companies using the product and ARR has grown 7x in the last six months, according to Yang. The startup recently almost doubled headcount, reaching 15 employees with plans to hire more with the new capital. Today the company announced an $18 million Series A investment led by New Enterprise Associates with participation from Y Combinator and Comcast Ventures. The security score is one piece of information your company can use as you judge the security of the vendor, but Yang said SafeBase provides the details behind that score.

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