Securicy Lands Transform Information Security with New Funding
To help high-growth SaaS companies, Securicy's objective is to give them the framework, advice, platform, and expertise they need to transform security from an issue to an asset as their business grows.
FREMONT, CA: "A surface-level security posture might get you through a couple deals, but it builds up security debt that leaves you vulnerable to the microscopic scrutiny on third-party vendor security we're seeing more and more. That kind of setback can kill a company's growth trajectory," notes Securicy CEO Darren Gallop. Securicy, a supplier of information security and data privacy management platforms, has raised an additional $4.1 million in seed funding led by new investors Allos Ventures and Build Ventures. Existing investors have supported the investment, including Concrete Ventures and Hub Angels Investment Group. Securicy, a Techstars alum, assists startups in establishing and growing comprehensive information security and privacy procedures necessary for selling to businesses and highly regulated industries.
“Within our own portfolio of investments, we’ve seen how information security has risen in priority over the past 10 years.” states David Kerr, Managing Director at Allos Ventures. “Securicy makes enterprise-class security accessible to companies of all sizes, enabling them to transform security from a potential liability to a competitive advantage. We’re excited to bring Securicy into the Allos family.”
A year in which the company's customer base grew by three times and its workforce doubled has come to a close with a new round of funding. As many as 20 open positions are currently available at the remote organization.
“While information security and privacy reviews have finally become commonplace in larger sales cycles, we still see too much of the industry condoning and even enabling ‘rubber-stamp’-type compliance with SOC 2 and other frameworks. A surface-level security posture might get you through a couple deals, but it builds up security debt that leaves you vulnerable to the microscopic scrutiny on third-party vendor security we’re seeing more and more. That kind of setback can kill a company’s growth trajectory,” adds Gallop.
With Securicy's proven offerings, security and privacy are made simple, accessible, and long-lasting so that startups may make security and privacy an integral part of their company's DNA. It's easy to demonstrate compliance with developing security best practices even when selling to the biggest brands in the enterprise, thanks to Securicy's programmatic security base.
“The team at Securicy intimately understands both the importance and challenge of prioritizing security at an early-stage company,” states Rob Barbara, General Partner at Build Ventures. “Their ability to translate complex recommendations and requirements into a pragmatic, actionable plan sets them apart from other offerings and really poises them for success.”