Israeli software-as-a-service security startup Wing Security has nabbed $26m in seed and Series A funding after coming out of stealth.
The company was backed by a number of key investors including GGV Capital, Harmony Partners, Silicon Valley CISO Investments Group, S-Capital and a range of unnamed security leaders.
Founded in 2020, Wing occurs an end-to-end SaaS security solution that looks to deliver complete visibility, analysis and remediation capabilities to customers.
The company claims that organisations can employ its platform to empower end-users to actively participate in protecting the SaaS solutions they use daily. Wing added that its platform is able to identify SaaS-related security issues by offering visibility into applications, users, app2app connections, external data collaborations, and inconsistencies.
The firm’s platforms also informs organisations about application compliance, offers details on the security ranking of applications and helps users customise security definitions.
Wing claims it plans to use the money to add more talent to its employee base with a focus on research and development as well as sales and marketing.
Wing CEO Noam Shaar said, “As businesses have become increasingly reliant on SaaS solutions and the agility they provide, security teams have been burdened with limited visibility and ability to truly protect the entire attack surface. Wing was founded to address these challenges with a SaaS-native approach that provides security teams with the same agility, while also helping to protect against attacks on these environments.”
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Copyright © 2018 RegTech Analyst
