Team Startupcity

• SAFE Security raises $70M in Series C to build CyberAGI with Agentic AI.
• Launches world’s first autonomous CTEM solution on its Cyber Risk Singularity platform.
• Trusted by global giants like Google, Fidelity, Chevron, and T-Mobile.

SAFE Security, the cybersecurity firm founded by Saket Modi, raised $70 million in a Series C round of funding to pursue its mission of creating CyberAGI Cyber Artificial General Intelligence. The round was led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, and previous investors such as Eight Roads, John Chambers, and Sorenson Capital.

Established in 2020, SAFE quickly emerged as a market leader in Cyber Risk Quantification (CRQ), and subsequently has grown its capabilities into Third-Party Risk Management (TPRM) and Continuous Threat Exposure Management (CTEM). With the new investment, the company is set to increase its market presence and further develop Agentic AI-native reasoning models intended to power the next generation of cyber defense: CyberAGI.

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The firm also released a significant upgrade to its Cyber Risk Singularity platform with what it states is the first completely autonomous CTEM solution, driven by Agentic AI. The initiative represents SAFE's newest move toward providing autonomous end-to-end cybersecurity risk management.

This is a defining moment in our quest for CyberAGI," stated Saket Modi, SAFE Co-founder and CEO. 

We started by defining the CRQ space, becoming category leaders. In 2023, we applied our Agentic AI-driven methodology to TPRM and became the leaders in that space in a very short period. Now, we're doing the same with CTEM. Together, these are the building blocks of our CyberAGI vision.

Nishant Rao, Founding Partner at Avataar Ventures, highlighted the importance of SAFE's strategic positioning. "We invest where we observe paradigm shifts, and cybersecurity particularly with the advent of AI is experiencing one of the largest. The solutions in the field are either fragmented or tactical. What distinguishes SAFE is its holistic, intelligence-first strategy that resonates with C-suite concerns. With steady 120%+ year-over-year growth and robust execution, it was a natural choice to partner with Saket and the SAFE team."

SAFE's portfolio of clients consists of international companies like Google, Fidelity, T-Mobile, Chevron, and IHG. With the recent fundraise, SAFE's overall capital raised stands at over $170 million. Its premium Cyber Risk Singularity Platform allows autonomous cyber risk management of CRQ, TPRM, and CTEM providing the technology backbone for its CyberAGI vision.