Safe Security, a cybersecurity startup, has raised $70 million in a funding round led by Avataar Ventures.
The round also included investments from both new and existing backers such as Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, Eight Roads, former Cisco CEO John Chambers, and Sorenson Capital.
The new funding will be used to boost research and development and strengthen Safe Security’s role in the cyber-risk management space.
It will also help speed up work on agentic AI reasoning models, which are part of the company’s larger goal to create cyberAGI—an artificial general intelligence system for fully automated cybersecurity management.
“We are the layer of intelligence on top of pretty much the entire cybersecurity stack of a company, which translates tactical findings into business risk and then enables action on that,” said Modi, who is the chief executive officer.
“Most cybersecurity sub-sectors we’ve evaluated are either overcrowded or limited to tactical, widget-like solutions. But cybersecurity today is a boardroom and CEO-level priority, and that’s not changing anytime soon,” said Nishant Rao, founding partner at Avataar Ventures. “What makes Safe stand out is its positioning — not as another detection tool, but as a strategic intelligence layer across the entire cybersecurity stack.”
Safe Security was founded in 2012 by Saket Modi, Viditkumar Baxi, and Rahul Tyagi. The company started as a bootstrapped venture and later moved its headquarters to Palo Alto. Today, it has offices in New York, London, Bengaluru, and New Delhi.
Safe Security helps organizations manage cyber risks using AI-driven tools. Its key offerings include Cyber Risk Quantification (CRQ), Third-Party Risk Management (TPRM), and Continuous Threat Exposure Management (CTEM).
Safe Security has introduced what it claims to be the world’s first fully autonomous Continuous Threat Exposure Management (CTEM) solution, built into its Cyber Risk Singularity platform.
After becoming a leader in Cyber Risk Quantification (CRQ) and seeing strong adoption of its Third-Party Risk Management (TPRM) module—used by over half of its customers—Safe Security is now positioning CTEM as its next big driver of growth.
Safe Security has reported triple-digit revenue growth for the past three years in a row and has raised over $170 million so far. Its customers include major companies like Google, Fidelity, T-Mobile, Chevron, and IHG.
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