With seed funding of $4 million, Adaptive Shield emerged this week from stealth mode to simplify software-as-a-service ( SaaS) security applications.
The Tel Aviv, Israel-based startup aims to fix the problem of incorrect SaaS framework configuration, which can expose them to cyber attacks , 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 the most common misconfigurations, according to Verizon’s 2020 DBIR.
Adaptive Shield, which already has customers among Fortune 500 companies, says the SaaS setting errors it found is exposing organizations to a one-click compromise, and believes it could rapidly address the problem of poorly configured SaaS devices.
The firm is proactively searching for and fixing misconfigurations across SaaS platforms for that. The software of the business can be implemented in minutes, and the detection of errors will start immediately.
Intuitive dashboards are provided for the administration and continuous monitoring of customers. Even the framework offers warnings about changes that could pose possible risks.
Adaptive Shield supports Office 365, Salesforce, Slack, Zoom, and other cloud applications, can easily support new SaaS apps, and constantly adds more integrations to the device.
By detecting and resolving vulnerabilities in SaaS applications, Adaptive Shield aims to provide compliance evaluation and risk scoring, improve policy implementation, avoid disturbances, and ensure continuous monitoring of SaaS system security, all with fast deployment and minimal support requirements.
“SaaS security is broken, and it’s the issue for the user,” said Maor Bin, CEO and Adaptive Shield co-founder. “Though SaaS systems all have dozens or even hundreds of built-in security configuration controls, it is the client ‘s duty to set them up properly. Security teams are frustrated trying to handle thousands of configurations across all of their devices. Our goal is to provide security teams with one shared platform to manage all security of their SaaS app.
The $4 million seed funding round of Adaptive Shield was being led by Vertex Ventures Israel.