Adaptive Shield – a leader in SaaS security – recently announced a new investment from Blackstone Innovations Investments, which is Blackstone’s strategic investment arm, bringing its total capital raised to $44 million. This funding round will accelerate Adaptive Shield’s mission to protect companies as the number of SaaS applications enterprises use has snowballed. This growth creates a new and complex mesh of business-critical applications increasingly targeted by attackers.
Through Adaptive Shield, organizations can prevent, detect, and respond to identity-centric SaaS threats through Misconfiguration Management, SaaS-to-SaaS Access and Discovery, Identity & Access Governance, Device-to-SaaS User Risk Management, and Identity Threat Detection & Response (ITDR).
KEY QUOTES:
“Thinking about where attackers are going next is key to growing a world-class cybersecurity program that protects our brand, reputation, investors, and intellectual property. We have partnered with and are using Adaptive Shield to help us continuously monitor the security posture of business-critical SaaS applications used across Blackstone to further protect the firm from attackers. We believe in Adaptive Shield’s mission and are excited to support the company with our investment as they enter their next stage of growth.”
— Adam Fletcher, Chief Security Officer at Blackstone
“Blackstone’s investment demonstrates its success with our offering and underscores Adaptive Shield’s innovative capabilities as the only SaaS security platform to integrate with more than 130 applications that covers an expansive SaaS attack surface. With Blackstone’s support, we will continue our trajectory for growth and expansion while keeping up with the constantly evolving threats.”
— Maor Bin, co-founder and CEO at Adaptive Shield
“At Blackstone, we have a dedicated team of cybersecurity professionals advising hundreds of our portfolio companies to further strengthen the cyber defense across the entire Blackstone ecosystem. We view the SaaS ecosystem as one of the top emerging attack vectors today, and our usage and investment in Adaptive Shield is highly strategic for the broader Blackstone portfolio as we collectively strive to stay ahead of such threats.”
— Adam Mattina, Deputy Chief Security Officer and Head of Portfolio Cybersecurity at Blackstone
