December 5, 2022

Big Idea 

Security is not a monolithic function. It is a mishmash of services orchestrated across many moving parts at various stages in the development lifecycle, including file scanning, redaction, and secure object storage, as well as secrets management and authentication. Bringing all these services together is known as SPaaS, security platform as a service, and provides engineering teams with security building blocks that work out-of-the-box. 

We’ve seen the API-first economy explode, but cybersecurity, as usual, has been far behind, and there’s no single place for an app builder to find the broad set of services they need to get their app to market quickly.

Developers need to source these functions from an ambiguous and fragmented set of open source and scattered commercial offerings. At the same time - even though they’re table stakes - having rich security features isn’t going to make a user fall in love with your product. But while most developers don’t dedicate their energy to delivering security, you can’t sell a product to the enterprise without it. 

Introducing Security Platform as a Service, Pangea

Funding

Upollo, an analytics tool for finding and converting users who repeat trials or share accounts, raised $4.15m in Seed funding.

FrankieOne, an onboarding and fraud prevention platform for banks and fintechs, raised $23m in Series A+ funding.

Fleek, a decentralized content and application delivery network for web3 content, raised $25m in Series A funding. 

Pangea, a developer-friendly security platform that offers API-first plug and play services, raised $26m in Series B funding.