Revolutionising security reviews.
In brief:
SafeBase, a firm known for enabling friction-free security reviews, announced today it has successfully secured a $33 million Series B funding round.
The latest funding was led by Touring Capital and saw participation from Zoom Ventures. Also contributing were existing investors NEA (New Enterprise Associates), Y Combinator, Comcast Ventures, and Cerca Partners.
The newly acquired funds will be used to further develop SafeBase’s Trust Center Platform across the trust ecosystem. The goal is to transform and simplify third-party risk assessments, making them real-time and frictionless.
What does this mean?
SafeBase CEO Al Yang commented on the current state of security reviews, “Today’s approach to buyer security reviews is broken. It’s time we say goodbye to security through obscurity and make it easier for buyers to understand a prospective vendor’s security and trust posture without having to jump through hoops,” highlighting the company’s commitment to improving industry standards.
