Grip Security Overview
Grip Security is a pioneer in SaaS identity risk management, providing innovative solutions to help enterprises address the security risks associated with widespread SaaS adoption. The company’s SaaS Security Control Plane platform helps companies discover, prioritize, secure and orchestrate the mitigation and remediation of risks. The innovative approach of leveraging identity as the key control point allows companies to secure all SaaS applications and empowers enterprises to embrace SaaS adoption securely.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Grip Security Launches Industry’s Only SaaS Security Posture Management Solution Built on a Foundation of Visibility and Automation
Grip Security has announced the release of its SaaS Security Posture Management (SSPM) solution, designed to proactively address SaaS security risks by identifying misconfigurations and enforcing best practices. The solution integrates visibility and automation to streamline operations, automate risk reduction, and ensure continuous compliance. Grip SSPM is part of a broader platform that provides comprehensive protection across the SaaS ecosystem, offering features such as automated security configuration checks, policy compliance, guided remediation, and extensive integrations. The solution aims to reduce the attack surface and maintain compliance at scale, supporting organizations in managing SaaS security initiatives effectively.
growth-positive
GuidePoint Security Named the Grip Security 2025 U.S. Partner of the Year
Grip Security has announced GuidePoint Security as its 2025 U.S Partner of the Year, highlighting the success of their strategic partnership. This collaboration focuses on addressing SaaS security challenges, including identity risks and unmanaged SaaS sprawl. Grips SaaS Security Control Plane (SSCP) platform, combined with GuidePoints cybersecurity expertise, provides comprehensive solutions for managing SaaS security posture. The partnership aims to help enterprises maintain robust security and compliance while adopting SaaS solutions. The recognition underscores the effectiveness of their joint efforts in providing top-tier cybersecurity services and promoting secure SaaS adoption.
Partners
growth-positive
Grip Security raises $41 million led by Daniel Loeb's Third Point Ventures | CTech
Grip Security, a cybersecurity company, has raised $41 million in Series B funding, bringing its total funding to $66 million. The funding round was led by Third Point Ventures, and other investors included YL Ventures, Intel Capital, and The Syndicate Group. Grips solution helps companies manage the use of SaaS applications by employees to mitigate risks. The companys valuation is estimated to be around $200-$400 million. Grip plans to use the funds to expand its workforce and aims to double its size to 150 employees within a year and a half. The company has experienced significant revenue growth, with a 400% increase in the last year.
InvestmentExpand
growth-positive
Grip Security Receives Investment from The Syndicate Group
Grip Security, a SaaS security company, has received an investment from The Syndicate Group. The amount of the deal was not disclosed. The investment will be used to accelerate the companys channel-led growth strategy, with the aim of tripling its bookings from the previous fiscal year. Grip Security provides a SaaS Security Control Plane solution that helps companies with discovery, access control, and data governance for all SaaS applications. The platform simplifies SaaS security operations with built-in automation.
Investment
growth-positive
Grip Security Named 2022 Emerging Vendor by CRN®
Grip Security has been named to CRNs 2022 Emerging Vendors You Need to Know list in the Security category. The companys SaaS Security Control Plane solution helps companies modernize their security architecture and secure business-led IT. Grip Securitys platform automates security processes and allows security teams to scale and enforce risk management policies. The recognition from CRN highlights the companys technological advancements and commitment to working with channel partners. Grip Security is backed by YL Ventures and Intel Capital. The article does not mention any specific customers, acquisition or investment amounts, layoffs, or partners. The event described in the article occurred on July 19, 2022.
Partners
| Sector | Cyber Security |
Funding
| Total funding | $66M |
| Last funding | $41M |
| Stage | B |
| Rounds | 4 |
| Investors | 12 |
Team Members
3
Employees: 51-200
Web & Social Links
| Website | www.grip.security |
Locations
Yigal Alon St 82, Tel Aviv-Yafo, Israel
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