Grip Security

Grip Security, founded in 2021 and based in Boston, Massachusetts, is a cybersecurity company that specializes in SaaS identity risk management. The company addresses security challenges associated with the widespread adoption of SaaS applications, focusing on risks related to identities and accounts across cloud platforms. Grip has raised a total of $66 million in funding, including a $41 million Series B round led by Third Point Ventures. Grip's main offering is the SaaS Security Control Plane (SSCP) platform, which provides discovery and classification of SaaS services, risk prioritization, and mitigation orchestration through automated workflows. The platform emphasizes identity-centric security, allowing organizations to secure their SaaS applications without needing additional infrastructure or expertise. Grip targets large enterprises facing challenges with SaaS sprawl and positions itself as a pioneer in the field, competing with other firms in the market. The company is supported by notable investors, reflecting its innovative approach and growing demand for effective SaaS security solutions.