The Valence team Photo company pr by Arik Sultan
Valence, an Israeli cybersecurity startup that offers a SaaS security remediation platform, Raised $25 million Series A round led by Microsoft’s M12 venture fund. The company only came out of stealth mode one year ago and now its total investment to date has reached $32 million. So Valence is showing that ta least cyber security firms are still in need and are raising new money, rather than firing people like many Israel Startup Nation firms have done recently.
Founded by Yoni Shohet, CEO, and Shlomi Matichin, CTO, Valence provides comprehensive visibility into the mesh of business application integrations and automated workflows, while identifying and mitigating associated risks and enforcing policy controls.
Valence calls itself the first Business Application Mesh security company, focused on managing the risks from third-party integrations and securing app-to-app connectivity in the modern business environment. Valence’s platform applies zero trust principles to the Business Application Mesh, a complex network of applications interconnected by APIs and hyper automation workflows, to deliver visibility into the risk surface, reducing unauthorized access and preventing critical data loss.
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Yoni Shohet said, “When Shlomi and I founded Valence last year, the rise in SaaS supply chain attacks that leverage third-party integrations, OAuth tokens, API keys and no/low-code workflows to gain unauthorized access to sensitive data led us to focus on what we called the ‘business application mesh’ of SaaS supply chain integrations.”
“We initially launched Valence to address the critical need we saw to harden organizations against the growing risks of SaaS supply chain attacks in a way that takes into account business context and doesn’t impede the velocity of SaaS adoption and usage,” added Shohet, “With the continuous surge in additional SaaS security breaches in 2021, accelerating into 2022 with attacks on inherently secure services such as Okta, Google, and GitHub, our commitment to building the first collaborative, automated remediation platform has paid off.”
