Zygon Raises $3M In Seed Funding To Create Security Solutions For The SaaS Era
Zygon, a cybersecurity solution focused on mitigating the risks associated with uncontrolled Software-as-a-Service (SaaS) application proliferation within enterprises, has announced a successful $3 million seed funding round and the public launch of its solution. The funding round was fully subscribed and led by Axeleo Capital, with participation from Kima Ventures and several prominent cybersecurity angel investors.
The modern enterprise's widespread adoption of SaaS applications
has created security challenges, and Zygon aims to address this issue. Their
SaaS Security Posture Management solution is designed to help security teams
manage the scale of SaaS sprawl effectively. This solution enables the
discovery, inventory, and automation of security rules for all applications
used by an organization's collaborators.
Zygon's full set of security automations includes
application discovery, app inventory building, application admin takeover,
collaborator offboarding, and upgrading authentication methods. This funding of
$3 million will support Zygon's efforts to reach a wider audience of
enterprises struggling to keep pace with the expansion of SaaS applications.
The technology has received positive feedback during its
beta phase, with users praising its ability to automate repetitive tasks. Zygon
simplifies the process of managing security within a growing SaaS ecosystem,
enhancing the collaboration between security and business teams.
Zygon's founding team, with expertise in AI and
collaboration, was assembled in Silicon Valley. Their mission is to leverage
these technologies to tackle the growing security challenges posed by the SaaS
era.
Zygon's innovative approach to cybersecurity aligns with the
current trends where organizations are increasingly reliant on SaaS
applications. Its goal is to provide a streamlined and automated solution for
security and IT teams to manage and secure their SaaS stack effectively.
This funding will enable Zygon to further develop its
product and expand its reach, offering organizations the tools to navigate the
evolving landscape of SaaS applications with confidence and efficiency. The
collaboration with Axeleo Capital and other investors demonstrates the growing
recognition of the importance of addressing security challenges in the SaaS
ecosystem.
Comments
Post a Comment