# Sift Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sift-security

- Industry: IT Security/Cybersecurity
- Headquarters: Menlo Park, US
- Website: www.siftsecurity.com
- Total disclosed funding: $3.3M
- Latest round: Angel (Jul 20, 2016)
- Investors on record: 1

## About

Sift Security, Inc. is a cybersecurity firm focused on empowering enterprises with advanced security solutions tailored for cloud environments, enabling robust protection against data loss and cyber threats.Founded in 2014 and headquartered in Menlo Park, US, Sift Security, Inc. specializes in cybersecurity solutions for enterprises. The company was acquired by Netskope, Inc. in July 2018, although specific financial terms of the acquisition were not disclosed. Sift Security has engaged in 3 total investment deals throughout its history, culminating in a Series A funding round which raised USD 3.00 mn. The firm's current valuation stands at USD 17.91 mn.Sift Security provides a suite of cybersecurity solutions designed to protect enterprises operating within cloud environments. Their primary offerings include a comprehensive security platform that integrates various protective measures to ensure secure access to cloud and web applications. This platform is engineered to address the security needs of diverse clientele, including large enterprises and government entities, with services marketed globally across North America, Europe, and Asia-Pacific.Sift Security operates on a subscription-based revenue model that provides clients access to its cloud-native security solutions. Their pricing structure is scalable, catering to businesses of various sizes and complexities. Clients subscribe to Sift's cybersecurity platform, with options for enhanced features, fostering long-term partnerships that support consistent revenue growth through recurring subscription fees.Sift Security aims to leverage its latest funding to enhance its product offerings and expand its market reach. Following its acquisition by Netskope in July 2018, the company is focusing on developing new cybersecurity products tailored for emerging threats. They plan to target expansion into European and Asia-Pacific markets by 2025, with specific strategies to address the unique security challenges in these regions. The recent funding will support product development and marketing efforts to facilitate this geographic expansion.

## Funding rounds

- Angel, Jul 20, 2016, $3.3M — Freeman Group

## Investors

- Freeman Group (https://capitalatlas.ai/funds/freeman-group) — Angel