SafeBase taps AI to automate software security reviews

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Entrepreneurs Al nan and Adar Arnon met astatine Harvard Business School and quickly realized that they had an liking successful common: cybersecurity.

“We’ve witnessed an evolving business ambiance that brought on pinch it an unprecedented request for improved information processes,” Arnon told TechCrunch. “Security’s value has accrued exponentially … [it’s] non-negotiable for exertion buyers.”

Yang and Arnon decided to move this liking into thing more, truthful they started SafeBase, which was accepted into Y Combinator’s accelerator programme during nan pandemic.

SafeBase connected Tuesday announced that it raised $33 cardinal successful a Series B information led by Touring Capital. The institution helps customers capable retired information questionnaires, which are reviews organizations usually footwear disconnected earlier buying a caller portion of software. It’s a governance and compliance thing.

Security questionnaires tin beryllium painstaking, taking teams weeks to months to complete for much analyzable pieces of software. But Arnon makes nan lawsuit that SafeBase tin prevention clip done automation — and AI.

SafeBase employs AI models “specifically trained connected information archiving usage cases” to read, construe information accusation and questions and past automatically respond to information questionnaires. “[Our platform] takes nan symptom retired of nan cumbersome information reappraisal process by empowering security, governance, consequence and compliance and gross teams,” he said.

SafeBase

Image Credits: SafeBase

Being nan cynic astir AI I am, I asked Arnon astir nan accuracy of these models; AI is simply a notorious liar, aft all. He claimed that it’s superior acknowledgment to a “mix of ample and mini connection models” that present “greater reply sum [and].” Take that really you will.

Beyond nan civilization models, SafeBase provides an motor that allows a institution to delegate “rules-based behavior” for customer access, arsenic good arsenic dashboards that show insights and analytics connected nan company’s information posture.

SafeBase isn’t nan only vendor retired location offering devices to automate information questionnaires and reviews. Rivals see Conveyor, which precocious raised $12.5 million; Kintent; and Quilt, which claims that it tin besides automate owed diligence reviews successful summation to information reviews.

Arnon didn’t look excessively worried. Perhaps that’s because of SafeBase’s 700-company-strong customer roster, which includes Palantir, LinkedIn, Asana and Instacart.

“SafeBase saw monolithic maturation successful nan past mates of years,” Arnon said. “Customers emotion nan merchandise and take continues to accelerate. The institution benefits from accrued visibility crossed its vendor web arsenic much and much high-volume customers motorboat spot centers that switch nan request for tens of thousands of manual information reviews.”

SafeBase, which is based successful San Francisco, has 55 employees.

The company’s Series B had nan information of strategical investor Zoom Ventures (Zoom’s firm task arm), NEA, Y Combinator, Comcast Ventures and Cerca Partners arsenic good arsenic angels including erstwhile Salesforce main spot serviceman Jim Alkove. It brings SafeBase’s full raised to complete $50 million; Arnon says a important information will beryllium put toward expanding nan team.