Push Security Raises $15 Million in Series A  

by Kay Aloha Villamor in April 5th, 2023

Push Security, a London, UK-based SaaS security for modern IT and cybersecurity teams, raised $15 million in Series A funding and launched a host of new features to help security teams take control of their SaaS portfolio. 

The round was led by GV (Google Ventures), with participation from Decibel and angels such as Dug Song, (co-founder and former CEO of Duo Security) and Rich Waldron (Tray.io co-founder and CEO).

"As security professionals, we're facing a significant increase in SaaS risk and, as a result, rethinking how we approach company security," said Adam Bateman, Push Security’s co-founder, and CEO. "An explosion in SaaS adoption, coupled with a big push to self-service platforms driven by product-led growth (PLG), means employees increasingly sign up and buy SaaS directly without going through the security team first. This creates an unwieldy sprawl of SaaS applications being introduced to the business with no corporate oversight. Security teams have to play catch-up to ensure these apps aren’t exposing their businesses to undue security risks or invalidating their security compliance.”

Hundreds of teams and more than 50,000 users rely on Push Security to uncover any employee-owned SaaS deployed within the business and quickly remediate critical security vulnerabilities exposed by SaaS use. 

After launching in July 2022, the company focused on good UX and adding the proper features to ensure Push was scalable, capable of supporting the smallest to the largest organizations, and could provide a fully self-service purchasing and onboarding experience.

GV General Partner Karim Faris and Jon Oberheide, co-founder and former CTO of Duo Security, have joined the board.

Company: Push Security Ltd

Raised: $15.0M

Round: Series A

Funding Month: April 2023

Lead Investors: GV

Additional Investors: Decibel, Dug Song, and Rich Waldron

Company Website: https://pushsecurity.com/

Software Category: Cybersecurity Software 

About the Company: Push is a SaaS security platform that helps organizations discover and secure SaaS. Push provides visibility of SaaS use across the business, identifies security risks related to it, and then equips security teams and employees to mitigate them. Push monitors employee SaaS activity and provides employees with just-in-time guidance to help them make good security decisions about how they use and access SaaS.

Source: https://www.businesswire.com/news/home/20230331005458/en/Push-Security-Raises-15M-and-Launches-New-Visibility-and-Employee-Powered-Tools-to-Help-Enterprises-Scale-SaaS-Security

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