Canonic Security Exits Stealth With $6M In Seed Funding From First Round Capital

Canonic Security, a cybersecurity startup protecting SaaS business applications, today emerged from stealth with $6 million in seed funding from leading global investors including First Round Capital, Elron Ventures, SV Angel and Operator Partners. The company also unveiled the Canonic App Governance platform, powered by the industry's first app sandbox. The commercially available platform redefines SaaS application security by allowing enterprises – for the first time ever – to simulate third-party apps and SaaS-native code behavior in its SaaS sandbox environment before granting access to organizations' business applications. The investment accelerates the product's go-to-market and development initiatives, which are already in full-force with over twenty deployments worldwide.