SaaS security management startup AppOmni raised $ 70M

Software-as-a-service security management startup AppOmni Inc. said today. that it raised $ 70 million in new funding to advance product development, international growth and expand go-to-market processes.

The Series C round was led by Thoma Bravo and included Scale Venture Partners, Salesforce Ventures, ClearSky and Costanoa Ventures. With the new funding, the company has raised $ 123 million in venture capital funding to date.

Founded in 2018, AppOmni offers a security management platform designed to make it easy for businesses to protect data in their SaaS applications. The platform deeply scans application programming interfaces, security controls and configuration settings to evaluate the current state of SaaS deployments and compare them to best practices and business objectives.

AppOmni argues that all organizations using SaaS need the right processes and tools to secure data houses in their SaaS applications and to keep them secure. The company’s platform offers three main features: detect, the ability to identify risks that threaten the security posture of enterprise SaaS apps; protect, protection for securing sensitive data against unauthorized access, loss and compromise; and monitor, the ability to observe configuration changes, user activity and ongoing access.

Since the last fundraiser in 2021, the company has launched the AppOmni Developer Platform that customers can use to connect their custom applications to integrate AppOmni security features. The AppOmni Infinity Partner Program has also seen strong growth, with five -fold growth in North American partners and four -fold increase in European, Middle East and African partners.

AppOmni now protects more than 78 million users across a wide range of SaaS platforms and has captured more than 230 million exposed data records. The platform integrates with various SaaS environments with app support for Box Inc., Confluence, Fastly Inc., GitHub Inc., Google Workspace, Jira, Microsoft 365, Salesforce Inc., ServiceNow Inc., Slack, Workday Inc., Zoom Video Communications Inc. etc.

Prominent customers include Accenture plc, Tenable Inc., Ping Identity Corp., Dropbox Inc., Personal Capital, Reltio Inc., Hellosign and Scale.

“The high-profile SaaS breaches we’ve seen in recent months highlight the urgency the chief information security officer is facing,” Brendan O’Connor, co-founder and chief executive of AppOmni, said in a statement. “Customers and prospects across the industry are telling us the same thing: security teams need better visibility into their SaaS environments and automated tools to adequately secure their fast-growing SaaS ecosystems. “

Photo: AppOmni

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