Grip Security offers a SaaS security control plane that helps enterprises discover which SaaS tools employees use, visualize associated identities, and automate safe user access management to reduce SaaS identity risk. Since launching in 2021, the company has sharpened its messaging around SaaS identity risk and positioned its product for large enterprises. Grip reports bookings growth of over 400% year-over-year, counts a number of Fortune 500 companies as customers, and has tripled its employee roster. The company plans to use new capital to expand its go-to-market organization—with a particular focus on growth in the U.S.—and to grow R&D teams in its home base in Israel and in the United States. Product expansion plans include additional offerings and a soon-to-launch capability to enforce multifactor authentication across SaaS products. CEO Lior Yaari emphasizes visibility and automation as the primary levers to reduce identity-related security exposure. Grip Security offers a SaaS Security Control Plane that helps organizations discover, prioritize, secure and orchestrate compliance and risk management across all SaaS regardless of device. The platform unifies control points, telemetry, analytics and operations to enable a business‑led IT strategy while simplifying SaaS security operations with built‑in automation. Grip’s purpose‑built solution leverages existing infrastructure and delivers out‑of‑the‑box automation to reduce operational complexity. The company plans to use new funding to accelerate a channel‑led growth strategy. Driven largely by channel growth, Grip expects to triple its bookings from the previous fiscal year. Grip Security builds a SaaS security platform that discovers and protects enterprise data across SaaS applications. The service promises a full SaaS inventory within 15 minutes of installation without agents or proxies. Grip has shown rapid customer and user growth — the number of users the product covers grew tenfold every quarter — and has signed customers ranging from Fortune 500 enterprises to small startups. The team says it is expanding its product beyond discovery into enforceable, comprehensive access management to address day-to-day access issues. Grip plans to launch that access-management solution in the coming months. Financially, the company has raised a total of $25 million to date, including a $19 million Series A announced in this article. Grip Security offers enterprises full visibility into their SaaS portfolios through enforceable, endpoint-centric access controls and cross-device data governance. Its non-intrusive solution does not install agents on user devices or corporate networks; instead it follows the footprints left by SaaS applications to identify usage. The product is designed to travel with users so policies apply regardless of device or location. The founding team includes CEO Lior Yaari, CTO Idan Fast and VP R&D Alon Shenkler, all with deep cybersecurity backgrounds. Grip plans to use its recent funding to build out the platform with additional access governance and data governance capabilities for applications. The company currently has about 15 employees and aims to grow to 20–25 within the next year. It raised a $6 million seed round to support these product and hiring plans.

Total raised

$66M

Funding rounds

4

Latest round

Series B

Latest activity

Aug 2023