Canonic Security (Acquired by Zscaler)

Canonic Security (Acquired by Zscaler)

Founded: 2020

Industries: Cyber Security, SaaS

Slogan: SaaS based organizations use Canonic to reduce their attack surface, detect SaaS-native threats and automate response.

Description: Canonic is a SaaS Application Security platform that continuously profiles apps and user accounts, identifies suspicious or out-of-policy behavior, and automatically reduces the SaaS attack surface. Canonic’s patent-pending App Sandbox captures any add-on and integration behavior — it provides access intelligence as well as threat & vulnerability insight by dynamically assessing network, data and platform API activities.

Last Investment: $6.00M Seed Round investment at 09 February 2022

Last Investment Investors: First Round Capital, SV Angel, Elron Ventures, Operator Partners

Canonic Security has shown remarkable potential in the cyber security and SaaS industries since its establishment in 2020. The SaaS Application Security platform's ability to continuously profile apps and user accounts, and its focus on reducing the SaaS attack surface, has garnered significant attention in the market. Its recent $6.00M Seed Round investment on February 9, 2022, led by prominent investors including First Round Capital, SV Angel, Elron Ventures, and Operator Partners, reflects strong confidence in the company's technology and growth prospects.

The acquisition of Canonic by Zscaler further emphasizes its impact in the industry, providing a promising outlook for the future of the company and its innovative solutions for SaaS-based organizations. With a strong focus on addressing SaaS-native threats and automating response, Canonic's demonstrated capability highlights its potential for continued success and relevance in the evolving cybersecurity landscape.