Savvy News
3 articles
growth-positive
SailPoint Bolsters SaaS Security with Savvy Acquisition
SailPoint has announced its acquisition of key assets from Savvy Security to enhance its SaaS security capabilities. This strategic move aims to bolster SailPoints identity governance and administration offerings, addressing vulnerabilities associated with SaaS application proliferation. The acquisition is expected to strengthen customer loyalty and competitive positioning by providing enhanced visibility and control over SaaS applications. However, integration challenges such as aligning product roadmaps and merging backend architectures may pose risks. SailPoints recent IPO, which raised over $1 billion, underscores its commitment to innovation and expansion in the identity security domain. The acquisition aligns with SailPoints strategy to evolve into a comprehensive identity security platform.
Acquisition
growth-positive
Fireglass founder back at it, raises $22 million Series A for new cybersecurity startup SAVVY | CTech
SAVVY, an Israeli startup that develops a platform to eliminate workforce-initiated security incidents involving software-as-a-service (SaaS) applications, has raised $22 million in a Series A funding round. The round was led by Canaan and included participation from Cyberstarts and Lightspeed. The platform provides real-time insights and metrics to security teams, helping them identify high-risk areas and user risk profiles. It also recommends steps for risk mitigation and tracks improvement over time. SAVVYs platform is already being used by Fortune 500 companies in the hospitality and consumer goods industries.
Investment
Growth-Positive
Savvy, a platform to secure SaaS apps, launches out of stealth with $30M
Savvy, a startup focused on securing software-as-a-service (SaaS) applications, has raised $30 million in a funding round led by Canaan, with participation from Cyberstarts and Lightspeed. The company, co-founded by Guy Guzner, who previously co-founded cybersecurity startup Fireglass, aims to minimize user-initiated security incidents involving SaaS through alerts and automation playbooks. Savvy, which was launched in 2021, plans to use the funding to scale its go-to-market presence and 50-person team, focusing on the U.S. market, and building out the company’s customer support and success functions.
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