Wing Security, a Tel Aviv, Israel-based provider of an end-to-end SaaS security platform, announced its $20 million Series A funding round and coming out in stealth mode.
GGV Capital led the business's Series A financing, while S-Capital led its $6 million seed round, which the company hadn't previously revealed, bringing the total raised to $26 million.
Fireblocks CEO and co-Founder Michael Shaulov, Orca Security co-Founders Avi Shua and Gil Geron, former Kenna Security CEO Karim Toubba, and Claroty co-Founder Galina Antova were among the angel investors.
The funding will help Wing recruit top-notch talent to double its employee base, primarily in research and development, sales, and marketing. This will allow the company to continue building the product offering, catering to the world’s leading organizations.
Company: Wing Security Ltd.
Raised: $20.0M
Round: Series A
Funding Month: March 2022
Lead Investors: GGV Capital
Additional Investors: Michael Shaulov, Avi Shua, Gil Geron, Karim Toubba, and Galina Antova
Company Website: https://wing.security/
Software Category: SaaS security platform
About the Company: Founded in 2020, led by Retired Brigadier General Noam Shaar, the former Chief Information Security Officer for the Israeli Defense Forces (IDF), and Retired Colonel Galit Lubitsky, the former head of the IDF’s Cyber Operations, Wing Security is the world’s only holistic SaaS Security platform. Its mission is to provide comprehensive, accessible, and simple SaaS security for organizations of any size, anywhere. By utilizing non-intrusive discovery, Wing provides effective SaaS security governance for App2App interconnectivity, data sharing, permissions, new apps being used, as well as uncovering user inconsistencies.
Source: https://techcrunch.com/2022/03/30/wing-security-launches-its-end-to-end-saas-security-platform-raises-26m/ https://www.businesswire.com/news/home/20220330005312/en/Wing-Security-Emerges-Out-of-Stealth-with-Comprehensive-Platform-Addressing-Security-Gaps-Introduced-by-SaaS-Applications