Tel Aviv-Based Shield SaaS $30 Million in Series , a leading provider of enterprise security solutions, has recently announced that it has raised $30 million in a Series funding round. This infusion of funds will enable Shield SaaS to continue to develop its innovative security solutions, which help businesses protect their data and keep their networks safe.
Background of Shield SaaS
Shield SaaS was founded in 2018 by a team of cybersecurity experts with decades of experience in the industry. Since then, the company has grown to become one of the leading providers of enterprise security solutions. Shield SaaS provides a comprehensive suite of security solutions that help businesses protect their data and networks from a wide range of threats, including malware, phishing, and ransomware. The company’s solutions are designed to be easy to use and highly effective, making them an ideal choice for businesses of all sizes.
Details of the Series Funding Round
The Series funding round was led by several venture capital firms, including Jerusalem-based OurCrowd and London-based Insight Partners. The funding round also included investments from a number of strategic investors, including Microsoft, Salesforce, and Oracle. This infusion of funds will enable Shield SaaS to continue to develop its innovative security solutions and expand its customer base.
Impact of the Funding Round
With the new investment, Shield SaaS will be able to continue its rapid growth and expand its customer base. The company plans to use the funds to invest in research and development, as well as to build out its sales and marketing teams. Additionally, the company will be able to invest in new products and services that will help it better serve its customers.
Conclusion
TheTel Aviv-Based Shield SaaS $30 Million in Series is a major milestone for the company. This infusion of funds will enable Shield SaaS to continue to develop its innovative security solutions and expand its customer base. With the new investments, the company will be able to invest in research and development, as well as build out its sales and marketing teams. This will help Shield SaaS continue to provide its customers with the best security solutions available.
