Tel Aviv-based Grip Security, which helps companies reduce their SaaS identity risk, raised a $41M Series B led by Third Point, taking its total funding to $66M
Frederic Lardinois / TechCrunch :
Context & Ripple Effects
Grip Security’s Series B follows its earlier $25M Series A for protecting data in SaaS apps, taking the company from initial venture backing to a larger funding round. The company is part of a Tel Aviv cohort addressing distinct SaaS-security exposure points, including SaaS application security and SaaS supply-chain protection.
The financing matters because identity risk is being funded as a dedicated SaaS-security category, rather than appearing only as a feature within broader application-security products.
First-order effects
- Grip Security gains $41M in new capital and reaches $66M in total funding; the report does not specify how the proceeds will be used.
- Third Point leads the Series B, becoming the named lead backer for Grip’s next stage of development.
Second-order effects
- Grip’s stronger funding base raises competitive pressure on adjacent SaaS-security vendors, including companies focused on application configuration and supply-chain security such as Valence Security’s SaaS supply-chain platform.
- Buyers evaluating SaaS controls may encounter more specialized products aimed at different layers of access, data, and identity risk, increasing the need to distinguish overlapping tools.
Third-order effects
- If comparable funding continues, SaaS security could remain segmented into specialist vendors around identity, application posture, and supply-chain exposure before the category consolidates.
- The pattern points toward security architectures centered on controlling permissions and access across SaaS estates, though it is unclear which product boundaries will persist.
The trend: Specialist security vendors are attracting capital to manage the expanding identity and permission risks created by enterprise SaaS adoption.