US-based cybersecurity company Safebreach closed a $15m series A round on Tuesday that featured investment units of telecommunications firm Deutsche Telekom and enterprise IT company Hewlett Packard Enterprise.
Deutsche Telekom Capital Partners and Hewlett Packard Pathfinder participated alongside venture capital firms Maverick Ventures and Sequoia Capital as well as angel investor Shlomo Kramer.
Safebreach has created cybersecurity software that attempts to break into a company’s network in the same way that a malicious entity would. The approach enables businesses to predict potential attacks and remove vulnerabilities to thwart hackers.
The cash will go towards increased R&D efforts and will drive recruitment across Safebreach’s sales and marketing teams. Sequoia Capital and Shlomo Kramer previously provided $4m in funding for the startup in July 2015.
Guy Horowitz, investment partner at Deutsche Telekom Capital Partners, said: “So many companies chase the same problems, but very few actually grasp the issues that security leaders are struggling with.
“SafeBreach is coming at security from a strategic viewpoint by providing practical and continuous security validation of enterprise security risks through a ‘hacker’s point-of-view.’ This allows organisations to quantify cyber threats in advance and mitigate them effectively.
“SafeBreach is building a tool which every security team should add to their arsenal.”