Tel Aviv, Israel - Savvy, a leading software development company based in the Tel Aviv District of Israel, announced today that it has successfully raised $30 million in its recent funding round. The round was led by Lightspeed Venture Partners, with participation from Canaan and Cyberstarts, prominent venture capital firms specializing in technology investments.

Savvy, founded by Guy Guzner, aims to empower security teams worldwide by providing innovative solutions to support the safe usage of SaaS apps. The company's unique approach involves delivering just-in-time security guardrails for users, enabling them to make informed decisions and automating security workflows to effectively respond to security events. With Savvy's user-centric approach, individuals can freely utilize any SaaS app they require, without compromising their organization's security.

By implementing Savvy's solution, security teams can drastically reduce the time and effort spent on user engagement, while simultaneously mitigating human-related risks. Savvy's proprietary real-time guidance system leverages the existing technologies used by organizations, effectively transforming security policies, rules, and best practices into actionable security decisions.

"We are glad to have the backing of Lightspeed Venture Partners, Canaan, and Cyberstarts," said Guy Guzner, Founder of Savvy. "This funding will fuel our mission to revolutionize SaaS security and empower organizations to embrace the benefits of cloud-based applications without compromising their data and resources. With our innovative approach, we aim to provide security teams with the tools they need to make smarter decisions and respond swiftly to evolving security threats."