Grip Security Raises $6M in Seed Funding
Grip Security, a Tel Aviv, Israel-based SaaS security startup, raised $6m in seed funding.
The round was led by YL Ventures with participation from CrowdStrike CEO and Co-founder George Kurtz and seasoned cybersecurity executives including:
Andy Ellis, former CSO of Akamai;
Michael Sutton, former CISO of Zscaler;
Sounil Yu, former Chief Security Scientist at Bank of America;
Omkhar Arasaratnam, former executive director, Data Protection Engineering at JPMorgan Chase;
Sameer Sait, CISO at Amazon (Whole Foods);
Adi Sharabani, former SVP & GM, Endpoint Solutions at Symantec; and
additional industry leaders.
Founded by security veterans Lior Yaari (CEO), Idan Fast (CTO) and Alon Shenkler (VP R&D), Grip Security is offering a SaaS security solution, enabling organizations to discover and secure all SaaS applications, from any device and any location.
How to protect our critical infrastructure from attack
On February 2
nd the largest ever compilation of breached usernames and passwords was leaked online. Known as COMB, it contained 3.2 billion unique email/password pairs, including the credentials for the Oldsmar water plant in Florida (not pictured here).
Three days later an unknown attacker entered Oldsmar’s computer systems and attempted to manipulate the pH in the city’s water to dangerously high acidic levels by increasing sodium hydroxide (lye) by 100 times. Although the attack was foiled and the lye levels returned to normal, the incident highlighted the ease with which cybercriminals are increasingly able to target critical national infrastructure (CNI).