Third Point Ventures, a venture capital firm, led a $41m Series B round in Grip Security, a company specialising in SaaS identity risk management, with participation from YL Ventures, Intel Capital and The Syndicate Group. “Every company is experiencing the proliferation of SaaS apps and Grip has proven repeatedly that it has the best solution in the industry. This has propelled our growth during these challenging economic times because we are focusing on a critical problem that needs to be addressed urgently. This new funding allows us to accelerate our innovation as we further distance ourselves from the competition and capture the exploding need for SaaS identity risk management,” Lior Yaari, Grip Security CEO and co-founder.