Non-Tech Security DX Company SecureNavi Completes ¥1.2 Billion Series B Funding Round
SecureNavi, which provides DX solutions for “non-tech security” areas including information security certifications, regulatory and guideline compliance, policy development and operations, and audits and assessments, has completed a ¥1.2 billion third-party allotment capital increase in its Series B round, led by existing investor SBI Investment.
These funds will be utilized for product development and strengthening the development structure, organizational expansion through hiring, and marketing activities, continuing to provide further value to security personnel struggling with non-tech security challenges.
Current State of SecureNavi’s Business
With its mission to “create a world where working on security increases sales,” SecureNavi is a company that solves information security challenges through software. SecureNavi provides solutions to DX and enhance the “non-tech security” domain, including information security certifications, regulatory and guideline compliance, policy development and operations, and audits and assessments.
SecureNavi’s flagship product, the ISMS and P-Mark automation tool “SecureNavi,” is used by companies from startups to large enterprises seeking to streamline ISMS certification and P-Mark acquisition and operations. SecureNavi’s customer base has exceeded 1,200 companies, and revenue has grown approximately 3.5 times since its previous funding round.
Funding Details
SecureNavi has achieved total funding of ¥1.2 billion with continued support from two existing investors and the addition of nine new investors.
Funding Amount: ¥1.2 billion
Funding Method: Third-party allotment capital increase
Shareholders:
Existing: SBI Investment (Lead Investor), Mobile Internet Capital (Lead Investor)
New: NTT DOCOMO Ventures, Japan Venture Capital, Kyoto Capital Partners, Macnica, Seiho Investment Works, FIDEA Capital, Iyogin Capital, Kobe University Capital, SMBC Venture Capital
The funds raised will be used for product development and strengthening the development structure, organizational expansion through hiring, and marketing. Through these initiatives, SecureNavi aims to accelerate DX in the “non-tech security” domain.
About the New Product “2nd Line Master Cloud”
Until now, security risk assessments have been implemented as “tasks that must be done” at many companies. However, in an era where risks cascade throughout the supply chain, person-dependent operations can no longer protect companies.
“2nd Line Master Cloud” is a platform that enables 2nd line departments to proactively manage various security risks related to subcontractors, systems, cloud services, and group companies.
SecureNavi focuses on the importance of the “2nd line” in the Three Lines Model, an international governance framework. Standing between the front line (1st line) and audit (3rd line), the “2nd line” oversees and controls risks across the entire organization.
However, the working population is declining, and the difficulty of hiring security personnel to fill the 2nd line is becoming severe. Nevertheless, companies must confront ever-increasing security risks. SecureNavi aims to revolutionize this by using technology to realize a new business model that doesn’t rely on “people working harder.”
SecureNavi is already conducting pilot trials with companies across various industries including pharmaceuticals, telecommunications, finance, manufacturing, IT, distribution, food service, and human resources. SecureNavi is seeing daily expectations for standardization and automation of security risk assessments from large enterprises across all business types. Through these efforts, SecureNavi will establish a new standard for risk management by 2nd line departments.
Transforming security risk management—that is the mission of “2nd Line Master Cloud.”