SafeBase raised $33M in a Series B funding round led by Touring Capital and Zoom Ventures to revolutionize security reviews for software buyers.

Apr 30, 2024•over 1 year ago

Amount Raised

$33 Million

Round Type

series b

San FranciscoInformation TechnologySoftware

Investors

Cerca PartnersComcast VenturesY CombinatorNea (New Enterprise Associates)Zoom VenturesTouring Capital

Description

SafeBase, a company offering a platform to streamline security reviews, has secured $33 million in a Series B funding round led by Touring Capital with participation from strategic investor Zoom Ventures.

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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