Corporates enter SafeBreach’s $19m series C

Apr 17, 2020 • Callum Cyrus

Paypal, DTCP and Hewlett Packard Pathfinder helped the cybersecurity software provider push its overall funding past the $50m mark.

US-based cybersecurity technology developer SafeBreach raised $19m yesterday in a series C round backed by digital payment processor Paypal, telecommunications firm Deutsche Telekom and enterprise technology producer Hewlett Packard Enterprise (HPE).

Venture capital fund OCV Partners led the round, which included DNX Ventures and Sequoia Capital, while Deutsche Telekom and HPE invested through Deutsche Telekom Capital Partners and Hewlett Packard Pathfinder respectively.

SafeBreach provides enterprise cybersecurity software that simulates known cyberattack methods to test whether a client’s IT infrastructure is…

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