US-based cybersecurity software developer SafeBreach has received $15m in a series B round featuring payment technology provider PayPal, telecommunications group Deutsche Telekom and enterprise technology producer Hewlett Packard Enterprise (HPE).
Draper Nexus led the round, which also featured fellow venture capital firm Sequoia Capital. Deutsche Telekom and HPE took part through their respective corporate venturing subsidiaries, Deutsche Telekom Capital Partners and HPE Pathfinder.
SafeBreach has developed a cyber threat simulation platform that launches decoy attacks on a client’s network to test their security controls. It was recently upgraded with the ability to add new cyber threat simulations within 24 hours, and now features 3,400 scenarios.
Deutsche Telekom Capital Partners and HPE Pathfinder joined Sequoia and Maverick Ventures for SafeBreach’s $15m series A round in July 2016, after Sequoia and angel investor Shlomo Kramer had provided SafeBreach with $4m in funding the previous year.
Guy Bejerano, chief executive and co-founder of SafeBreach, said: “Simulating attacks is critical to understanding the bigger picture of infrastructure and asset risk, but alone, it is not enough. Simulations need to inform prioritised actions.
“Our new, unique capabilities were built to provide the most effective breach method coverage, identify and prioritise critical results, and quickly remediate issues to enable customers to stay ahead of attacks.”