Grip Security, a Tel Aviv-based startup helping companies protect their data in SaaS applications, announced today that it has raised a $ 25 million Series A funding round led by Intel Capital. Also participating in the round was YL Ventures, which led the company’s $ 6 million seed round earlier this year.

As Lior Yaari, CEO and Co-Founder of Grip told me, while Grip is still a young company – and selling into the company tends to be a slow process – the team has still seen significant growth, especially for a company that officially founded in February. For example, he found that the number of users covered by the product increased tenfold every quarter. Over the past nine months, Grip has also gained a wide range of clients, including Fortune 500 companies and small startups.

Traditionally, these companies would use a Cloud Access Security Broker (CASB) to act as an intermediary between the employee and the service they …



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