April 30, 2024 at 10:16AM
San Francisco startup SafeBase secures $33 million in Series B financing from investors Touring Capital, Zoom Ventures, NEA, Y Combinator, Comcast Ventures, and Cerca Partners. The company aims to simplify vendor risk assessments by enabling vendors to share security posture info and automate access to sensitive documents. SafeBase’s Trust Center Platform and AI-powered Questionnaire Assistance products are proving popular.
From the provided meeting notes, here are the key takeaways:
– SafeBase, a San Francisco startup, has recently secured $33 million in Series B financing.
– The funding was provided by Touring Capital, Zoom Ventures, NEA, Y Combinator, Comcast Ventures, and Cerca Partners.
– SafeBase specializes in technology that helps vendors share security posture information and automate access to sensitive documents for vendor risk management.
– The company has raised over $50 million since its launch in 2020 and aims to simplify the vendor risk assessment process.
– SafeBase’s flagship product, the SafeBase Trust Center Platform, facilitates communication of security and trust posture while automating access to company data and key security artifacts.
– The company’s AI-powered Questionnaire Assistance product is reducing the need for time-consuming security questionnaires for security, GRC, and revenue teams.
– SafeBase’s efforts aim to alleviate the friction-filled processes and trust issues that historically plague security reviews during sales cycles.
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