Tech Crunch: Valence Security raises fresh capital to secure the SaaS app supply chain

Valence Security, a company securing business app infrastructure, today announced that it raised $25 million in a Series A round led by M12, Microsoft’s corporate venture arm, with participation from YL Ventures, Porsche Ventures, Akamai Technologies, Alumni Ventures and former Symantec CEO Michael Fey. The new capital brings the company’s total raised to $32 million, and co-founder Shlomi Matichin says it’ll be put toward product development and doubling Valence’s 25-person headcount by the end of the year.

About Valence Security

Valence Security is the first security company to offer collaborative remediation workflows that engage with business users to contextualize and reduce SaaS data sharing, supply chain, identity, and misconfiguration risks with scalable policy enforcement and automated workflows. 

With Valence, security teams can secure their critical SaaS applications and ensure continuous compliance with internal policies, industry standards and regulations, without impeding business productivity or the speed of SaaS adoption.

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