Entrepreneurs Al Yang and Adar Arnon met at Harvard Business School and quickly realized that they had an interest in common: cybersecurity.
“Weve witnessed an evolving business climate that brought along with it an unprecedented need for improved security processes,” Arnon told TechCrunch. “Securitys importance has increased exponentially … [its] non-negotiable for technology buyers.”
Yang and Arnon decided to turn this interest into something more, so they started SafeBase, which was accepted into Y Combinators accelerator program during the pandemic.
SafeBase on Tuesday announced that it raised $33 million in a Series B round led by Touring Capital. The company helps customers fill out security questionnaires, which are reviews organizations normally kick off before buying a new piece of software. Its a governance and compliance thing.
Security questionnaires can be painstaking, taking teams weeks to months to complete for more complex pieces of software. But Arnon makes the case that SafeBase can save time through automation — and AI.
SafeBase employs AI models “specifically trained on security documentation use cases” to read, interpret security information and questions and then automatically respond to security questionnaires. “[Our platform] takes the pain out of the cumbersome security review process by empowering security, governance, risk and compliance and revenue teams,” he said.
Copyright ©. All Rights Reserved by SVS Technologies