Adaptive Shield Emerges from Stealth with $4 Million Seed Round to Protect $115 Billion Enterprise SaaS Market with Complete App Security Control
Adaptive Shield Emerges from Stealth with $4 Million Seed Round to Protect $115 Billion Enterprise SaaS Market with Complete App Security Control
08/12/20, 1:06 PM
Location
tel avivMoney raised
$4 million
Round Type
seed
Israeli startup Adaptive Shield today emerged from stealth with $4 million in seed funding from Vertex Ventures Israel to automate complete control of SaaS application security. Enterprises depend on SaaS applications but lack resources to correctly configure those apps to prevent cyberattacks, data exfiltration and other risks. Adaptive is addressing this critical problem at the very foundation of the entire $115 billion plus global SaaS market.
Company Info
Location
tel aviv, israel
Additional Info
Adaptive Shield is led by co-founders, Maor Bin, CEO, and Jony Shlomoff, CTO. The two met while serving in the Israeli Defense Forces. Bin is the former head of cloud security research for Proofpoint and Shlomoff was most recently co-founder and VP of engineering for Los Altos-based Placer.ai.