Microsoft venture arm leads $25M funding round for cybersecurity company

Microsoft's venture capital arm, Microsoft M12, led a $25 million series A funding round for software-as-a-service security company Valence Security.

The Valence Security platform works to ensure companies view cybersecurity decisions as part of their business and not as an impediment, according to an Oct. 26 Valence news release. The latest funding round brings Valence's capital raised to $32 million.

Seed investor YL Ventures also participated in the funding round. 

"We initially launched Valence to address the critical need we saw to harden organizations against the growing risks of SaaS supply chain attacks in a way that takes into account business context and doesn't impede the velocity of SaaS adoption and usage," Valence CEO and co-founder Yoni Shohet said in the release. "With the continuous surge in additional SaaS security breaches in 2021, accelerating into 2022 with attacks on inherently secure services such as Okta, Google and GitHub, our commitment to building the first collaborative, automated remediation platform has paid off."

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