Grip Security, a Tel Aviv, Israel-based company that provides SaaS security unifying discovery, access control, and data governance, announced a strategic investment.
The investment was from The Syndicate Group (TSG), a venture firm that helps startups scale faster with revenue growth and new customer acquisition by organizing exclusive investment access for their strategic go-to-market ecosystem.
The investment helps Grip Security accelerate its channel-led growth strategy and has already spurred partner interest and sales pipelines that have exceeded expectations, setting the company up to overachieve its financial goals.
“The positive response we are seeing in the market and demand from large enterprise security teams has been truly amazing, and it is clear that Grip is solving a problem that has not been adequately addressed by the thousands of security products on the market,” said Lior Yaari, CEO of Grip Security. “TSG’s investment should make our phenomenal growth in pipeline and awareness even more impressive, and they are a great partner to help us scale our growth and accelerate our channel partnerships.”
The Grip SaaS Security Control Plane (SSCP) solution is ideal for channel partners who want an easy-to-deploy solution that can generate both license and service revenue.
Company: Grip Security, Inc.
Raised: Undisclosed
Round: Strategic Investment
Funding Month: March 2023
Lead Investors: The Syndicate Group
Additional Investors:
Company Website: https://www.grip.security/
Software Category: SaaS Management Software
About the Company: Founded in 2021 by Lior Yaari, Idan Fast, and Alon Shenkler, Grid Security offers a SaaS security platform that helps companies modernize their security architecture and adapt to how SaaS is acquired today. Its SaaS Security Control Plane solution helps companies discover, prioritize, secure, and orchestrate compliance and risk management for all SaaS, regardless of the device. Grip unifies control points, telemetry, analytics, and operations so companies can embrace a business-led IT strategy safely and securely. The company’s purpose-built platform leverages existing infrastructure and is designed to simplify SaaS security operations with built-in, out-of-the-box automation that makes this possible.
Source: https://www.grip.security/press-release/the-syndicate-group-tsg-announce-strategic-investment-to-accelerate-channel-led-growth