Fundz

Canonic Security Exits Stealth With $6M In Seed Funding From First Round Capital

PRIVATEFeb 09, 2022

Round Type

Seed

Tel AvivInformation TechnologyProfessional ServicesSoftwarePrivacy And Security

Investors

SV Angel

Description

Canonic Security, a cybersecurity startup protecting SaaS business applications, today emerged from stealth with $6 million in seed funding from leading global investors including First Round Capital, Elron Ventures, SV Angel and Operator Partners. The company also unveiled the Canonic App Governance platform, powered by the industry's first app sandbox. The commercially available platform redefines SaaS application security by allowing enterprises – for the first time ever – to simulate third-party apps and SaaS-native code behavior in its SaaS sandbox environment before granting access to organizations' business applications. The investment accelerates the product's go-to-market and development initiatives, which are already in full-force with over twenty deployments worldwide.

Quick answer

Canonic Security raised an undisclosed amount in a Seed round, dated February 9, 2022. Investors: SV Angel. Canonic Security is based in Tel Aviv, Tel Aviv District, Israel.

How much did Canonic Security raise?
Canonic Security raised an undisclosed amount in a Seed round on February 9, 2022.
Who invested in Canonic Security?
SV Angel is named as investors in this round.
What does Canonic Security do?
Canonic Security is a SaaS Application Security platform that continuously profiles apps and user accounts, identifies suspicious or out-of-policy behavior, and automatically reduces the SaaS attack surface.
Where is Canonic Security based and how big is it?
Canonic Security is based in Tel Aviv, Tel Aviv District, Israel.

Source: Fundz verified event record.

Who else raised in Professional Services and Privacy And Security around the same time

Companies in the same sectors as Canonic Security that raised within 45 days of this round, from Fundz verified event records.

  • LexCheck raised $5M (Funding Round) on March 24, 2022.
  • Securonix, Inc. raised an undisclosed amount on February 15, 2022.
  • PIXM Security raised $4.3M (Seed) on February 1, 2022.
  • ArmorCode raised $11M (Seed) on January 25, 2022.
  • Firstbase raised $50M (Series B) on March 25, 2022.
  • Nasuni raised $60M on March 25, 2022.

Who to call at Canonic Security, and when

A new round usually means Canonic Security is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at Canonic Security, from your own LinkedIn network

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Company Information

Company

Canonic Security

Location

Tel Aviv, Tel Aviv District, Israel

About

Canonic Security is a SaaS Application Security platform that continuously profiles apps and user accounts, identifies suspicious or out-of-policy behavior, and automatically reduces the SaaS attack surface. The platform provides access intelligence and vulnerability insight, detects SaaS-native threats, and helps security teams respond quickly. For more information, please visit canonic.security * Gartner Press Release, Gartner Survey of Over 2,000 CIOs Reveals the Need for Enterprises to Embrace Business Composability in 2022, October 2021

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Canonic Security raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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