SafeBreach Raises $19 Million to Expand Channel Presence

SafeBreach has secured $19 million in Series C funding. This round brings the total amount of capital raised by SafeBreach to over $50M. OCV Partners led the round with participation by previous investors Sequoia Capital, Deutsche Telekom Capital Partners, DNX Ventures, Hewlett Packard Pathfinder, and PayPal.

According to SafeBreach, the company will use the additional funding to accelerate product development to address the growing needs of customers and to accelerate sales channel and partnership growth on a global scale.

In addition, the company will add a suite of new services for its rapidly growing base of customers who have embedded SafeBreach BAS into their daily operations as a means to continuously validate security posture and optimize configurations of existing security tools.

Hemi Zucker, Managing Principal at OCV Partners, will be joining the SafeBreach board of directors. Zucker has deep experience growing technology companies. He formerly served as the CEO of cloud services and publishing company J2 Global, where he grew the company from founding to a $4.5 billion market capitalization.

In addition, SafeBreach has added key industry experts and practitioners to its advisory board including Christine Herman, VP and Head of Operational Assurance at Morgan Stanley, Yaron Levi, CISO of Blue Cross Blue Shield Kansas City, and Dr. Sunil Lingayat, Chief of Cybersecurity Strategy and Technology at T-Mobile.