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SafeBase Inc. has secured $33 million in funding to enhance its Trust Center Platform and AI-powered technology aimed at simplifying security reviews and third-party risk assessments. Established in 2022, SafeBase focuses on providing a Trust Center Platform that automates security reviews to help companies evaluate their security and trust posture efficiently. The platform addresses the challenge of demonstrating the safety and reliability of third-party vendors, streamlining processes that historically caused delays and hindered trust between buyers and vendors.
SafeBase's Trust Center Platform emphasizes transparency, offering a centralized and automated approach to trust management. By enabling companies to replace outdated services with transparency, SafeBase helps build customer trust, gain insights, and enhance security narratives. With over 700 customers and a 98% gross retention rate, SafeBase has attracted prominent clients like Abnormal Security Corp., LinkedIn Corp., and Datadog Inc. The recent $33 million funding round, led by Touring Capital LLC, signifies the industry's recognition of SafeBase's innovative approach to security reviews and trust management.
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