Zygon – a cybersecurity solution for protecting enterprises from the risks brought by the uncontrolled spread of SaaS applications among their teams – recently announced a $3 million seed round and the public release of their solution. The fully subscribed round was led by Axeleo Capital and includes Kima Ventures and multiple world-class cybersecurity angel investors.
In the last year, the company developed a SaaS Security Posture Management solution built for the scale of SaaS sprawl with which Security teams can discover, inventory, and automate security rules for all the apps used by collaborators across their organization. Zygon came out of beta with a complete set of security automation: app discovery and inventory building, application admin takeover, collaborator offboarding, upgrade of authentication methods, and more. With the $3 million seed funding, Zygon will bring its product to a broader audience of enterprises who struggle to scale their security model at the pace of the SaaS sprawl.
Zygon’s founding team first met in Silicon Valley, where they had the same belief that Artificial Intelligence and collaboration could solve for the colossal security challenge that was arising from the SaaS era.
KEY QUOTES:
“The security implications of the SaaS sprawl we see today in the modern enterprise are a challenge we are eager to see answers to. We have helped many founders pushing the boundaries of cybersecurity over the years. We are excited to now partner with Zygon’s talented and experienced management team.”
— Brice Lapouble, Investment Director at Axeleo Capital
“Over the last decade, teams across companies have rushed to adopt hundreds of SaaS applications, pushing the relationship between business teams and security teams to an almost breaking point. We are proud to pioneer a solution that is opening a $10B+ market by rekindling the collaboration between teams on cybersecurity issues.”
— Thomas Lejars, Cofounder and CEO for Zygon
“Zygon technology meets the requirements of modern tech companies that are mostly equipped with SaaS. They protect us from both external hacking and insider threats. The implementation took literally less than 5 minutes.”
— Germain Bourgeois, CEO of Delpha, an early beta-tester of Zygon
“Security and IT teams are exhausted. They spend weeks cataloging and vetting yet another new set of SaaS applications, only for them to be forgotten on a static spreadsheet somewhere on their Google Drive. We were overwhelmed by the positive feedback of users during the beta phase. With Zygon, they automated these repetitive tasks and moved directly to the next phase of guiding business users towards a more secure usage of the applications they love, at scale.”
— Kevin Smouts, Cofounder and Chief Product Officer for Zygon
“The multiplication of SaaS usage makes it virtually impossible for IT teams to meet the ever higher demands for security. Alone they will fail. We assembled a Bletchley Park engineering team with unique talents in cybersecurity, data analysis and product design to crack this David-versus-Goliath challenge. Our solution is deceptively simple to use, crafted to fit right in our customers’ trenches.”
— Baptiste Manson, Cofounder and Chief Technology Officer for Zygon, Apple alumni, veteran in building machine-learning applications
