With $4 million in seed funding, Adaptive Shield this week emerged from stealth mode to automate the security of software-as-a-service (SaaS) applications.
The Tel Aviv, Israel-based startup seeks to tackle the issue of incorrect configuration of SaaS applications, which can expose them to cyberattacks, data leaks, and other risks.
SaaS security configuration errors, the company claims, could result in catastrophic and costly data breaches, and errors are the second largest cause of data breaches, with misconfigurations being the most common, according to Verizon’s 2020 DBIR.
Adaptive Shield, which already has customers among Fortune 500 companies, says the SaaS setting errors it has identified were exposing organizations to one-click compromise, and claims it can quickly address the problem of poorly configured SaaS apps.
For that, the company proactively searches for and fixes misconfigurations across SaaS platforms. The company’s platform can be deployed within minutes and immediately start the discovery of errors.
Customers are provided with intuitive dashboards for administration and continuous monitoring. The platform also delivers alerts on changes that could create potential risks.
Adaptive Shield provides support for Office 365, Salesforce, Slack, Zoom, and other cloud applications, can rapidly support new SaaS apps, and continuously adds more app integrations.
Through identifying and addressing weaknesses in SaaS applications, Adaptive Shield aims to provide compliance evaluation and risk scoring, stronger policy enforcement, prevent disruptions, and ensure continuous monitoring of SaaS app security, all with fast deployment and minimal support requirements.
“SaaS security is broken and it’s the customer’s problem,” said Maor Bin, CEO and co-founder of Adaptive Shield. “Although SaaS platforms all have dozens or even hundreds of built-in security configuration controls, it is the responsibility of the client to set them correctly. Security teams are overwhelmed trying to manage thousands of settings across all their apps. Our mission is to give security teams one common platform to manage all their SaaS app security.”
Adaptive Shield’s $4 million seed funding round was led by Vertex Ventures Israel.