# Valence Security

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

- Industry: IT Security/Cybersecurity
- Headquarters: Tel Aviv, Israel
- Website: www.valencesecurity.com
- Total disclosed funding: $32M
- Latest round: Series A (Oct 26, 2022)
- Investors on record: 6

## About

Valence Security Inc. is a Tel Aviv-based provider of SaaS security solutions, specializing in Security Posture Management (SSPM) to help organizations manage risks associated with SaaS applications.Founded in 2021 in Tel Aviv, Israel, Valence Security Inc. focuses on delivering advanced security solutions for Software as a Service (SaaS) applications. The company raised USD 25 mn in Series A funding on October 26, 2022, led by M12, with additional participation from Akamai Technologies, Inc., Alumni Ventures Group, Porsche Ventures, and returning investor YL Ventures. Shlomi Matichin is the founder, who has previously founded other companies. Valence has completed a total of 2 deals to date.Valence specializes in Software as a Service (SaaS) security and Security Posture Management (SSPM) solutions. Their offerings include a comprehensive inventory management system that identifies security gaps and manages risks linked to shadow IT, unmanaged identities, and sensitive data exposure. The platform centralizes risk management across SaaS applications, enabling organizations to detect misconfigurations, enforce security policies, and ensure compliance. It also monitors both human and non-human identities to identify suspicious behaviors, empowering organizations to effectively respond to security incidents. Notable clients include Elastic, Goosehead Insurance, and Highspot, with services primarily offered in North America and Europe.Valence generates revenue primarily through subscription-based models for its SaaS security and SSPM solutions. Clients engage with the company through direct subscriptions, allowing access to the platform's features. The pricing structure includes various tiers catering to different organizational needs, which facilitates a predictable revenue stream for Valence. The company also benefits from partnerships with industry organizations that enhance its market visibility, contributing to revenue growth.In October 2022, Valence Security Inc. secured USD 25 mn in Series A funding, which will be utilized to expand research and development, accelerate processes, and hire additional personnel in the US and Israel. The company is focusing on launching new products in the coming year and aims to expand its market presence in North America and Europe.

## Funding rounds

- Series A, Oct 26, 2022, $25M — YL Ventures, Akamai Technologies, Inc., M12, Alumni Ventures Group, Porsche Ventures
- Seed, Oct 19, 2021, $7M — YL Ventures, StoneMill Ventures

## Investors

- YL Ventures (https://capitalatlas.ai/funds/yl-ventures) — Seed, Series A
- StoneMill Ventures (https://capitalatlas.ai/funds/stonemill-ventures) — Seed
- Akamai Technologies, Inc. — Series A
- M12 (https://capitalatlas.ai/funds/m12) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Porsche Ventures (https://capitalatlas.ai/funds/porsche-ventures) — Series A