SaaS Security Startup Wing Emerges From Stealth With $26 Million in Funding
Wing Security, a Tel Aviv, Israel-based SaaS security startup, this week emerged from stealth mode with $26 million in seed and Series A funding.
GGV Capital, Harmony Partners, S-Capital, Silicon Valley CISO Investments Group, and various security leaders have invested in the company.
Founded in 2020, the company offers an end-to-end SaaS security solution that aims to deliver full visibility, analysis, and remediation capabilities to customers.
Wing also claims that organizations can employ its platform to empower end-users to actively participate in protecting the SaaS solutions they use daily.
The company says its platform can identify SaaS-related security issues by offering visibility into applications, users, app2app connections, external data collaborations, and inconsistencies.
Furthermore, the platform informs organizations about application compliance, offers details on the security ranking of applications, and helps users customize security definitions.
Wing plans to use the funds to add more talent to its employee base, with a focus on research and development, but also sales and marketing.
“As businesses have become increasingly reliant on SaaS solutions and the agility they provide, security teams have been burdened with limited visibility and ability to truly protect the entire attack surface,” Wing Security CEO Noam Shaar said. “Wing was founded to address these challenges with a SaaS-native approach that provides security teams with the same agility, while also helping to protect against attacks on these environments.”