News Summary

• Installed as a browser extension, Savvy can watch for problematic actions that a user might take on a desktop or laptop, such as submitting sensitive data to ChatGPT.On the back end, security teams can create workflows with automation playbooks that trigger when users take certain actions.
• But Savvy does collect data — specifically metadata — for monitoring and reporting purposes, and the company stores it for 180 days by default.That metadata retention might concern the users being monitored — and the companies entrusting Savvy with their data, for that matter.
• Savvy counts “several” Fortune 500 customers in tech, hospitality and consumer goods verticals among its 15 customers, Guzner claims, and has a total of 100,000 users under management.It’s worth noting that Savvy is in a relatively stable place considering the current state of cybersecurity startup funding.
• A fundamental shift in the decision-making and actions surrounding software usage is required to address SaaS sprawl.”Guzner says that the tranche announced today will be put toward scaling Savvy’s go-to-market presence and 50-person team, focusing on the U.S. market, and building out the company’s customer support and success functions.
• But rapid SaaS adoption, the lack of standardized apps and their security controls and the complexities introduced by app integrations are burdening security teams,” he said.
• “This challenges security and business managers to keep up with user requests for new apps and secure the ones already being used.