Foley & Lardner LLP recently represented New Enterprise Associates (NEA) in its investment in the $18 million Series A financing round for SafeBase, a company that helps B2B SaaS companies close enterprise deals faster by streamlining the security assessment process.
SafeBase is a smart trust center for sharing a company’s security posture and automating access to sensitive documents. The SafeBase portal provides companies with “self-serve” access, allowing InfoSec teams to learn everything about a company’s security program, which speeds up the sales cycle while building trust with customer prospects by allowing complete visibility.
SafeBase was started by founders Al Yang, CEO; and Adar Arnon, CTO; who met at Harvard and were admitted to Y Combinator’s accelerator program amidst the Pandemic. Together they are on a mission to create a world in which companies with solid security programs can gain a competitive advantage in the sales process.