Wing Security launches its end-to-end SaaS security platform, raises $26M
https://techcrunch.com/2022/03/30/wing-security-launches-its-end-to-end-saas-security-platform-raises-26m/
As businesses increasingly rely on an ever-growing number of SaaS products, it has become imperative for security teams to get a better understanding of which applications a company’s employees are actually using and the risks associated with those. It’s no surprise then that we’ve seen an increase in SaaS security solutions as well. Wing Security, which is launching out of stealth today and announcing its $20 million Series A funding round, aims to offer a comprehensive end-to-end SaaS security platform that can help businesses discover, monitor and — if needed — automatically remediate potential security issues with how their employees are using any of over 100,000 SaaS tools.
The company’s Series A round was led by GGV Capital, while its $6 million seed round, which the company hadn’t previously disclosed, was led by S-Capital. Harmony Partners, Silicon Valley CISO Investments Group and a number of angels, including 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, also participated.