SaaS security management startup AppOmni raises $70M

SaaS security management startup AppOmni raises $70M

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

The Series C round was led by Thoma Bravo and included Scale Venture Partners, Salesforce Ventures, ClearSky and Costanoa Ventures. Including 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 across 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 against best practices and business intent.

AppOmni argues that all organizations using SaaS need the right processes and tools to secure the data houses in their SaaS applications and to keep them secure. The company’s platform offers three core features: discover, the ability to identify risks that jeopardize 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 access continuously.

Since last raising funding in 2021, the company launched the AppOmni Developer Platform that customers can use to connect their custom applications to incorporate AppOmni’s security features. The AppOmni Infinity Partner Program has also seen strong growth, with fivefold growth with North American partners and a fourfold increase in European, Middle East and African partners.

AppOmni now protects more than 78 million users across a broad range of SaaS platforms and has secured more than 230 million exposed data records. The platform integrates into 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. and others.

Notable 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 chief information security officers are facing,” Brendan O’Connor, co-founder and chief executive of AppOmni, said in a statement. “Customers and prospects across industries tell us the same thing: security teams need better visibility into their SaaS environments and automated tools to adequately secure their quickly growing SaaS ecosystems.”

Image: AppOmni

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