Safe Security raises $70 Mn in Series C led by Avataar Ventures, others

Cybersecurity startup Safe Security has raised $70 million in a funding round led by Avataar Ventures.

The round also saw participation from new and existing investors, including Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, Eight Roads, ex-Cisco CEO John Chambers and Sorenson Capital.

The fresh funding will support R&D, enhance the company’s position in cyber-risk management and accelerate development of agentic AI reasoning models as part of its broader vision to build cyberAGI—an artificial general intelligence for autonomous cybersecurity management.

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“We are the layer of intelligence on top of pretty much the entire cyber security stack of a company, which translates tactical findings into business risk and then enables action on that,” 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.”

About Safe Security

Founded in 2012 by Saket Modi, Viditkumar Baxi and Rahul Tyagi, initially bootstrapped, Safe Security later moved its HQ to Palo Alto and now operates out of New York, London, Bengaluru and New Delhi. 

It helps organizations manage cyber risk through AI-powered solutions spanning Cyber Risk Quantification (CRQ), Third-Party Risk Management (TPRM), and Continuous Threat Exposure Management (CTEM).

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Safe Security has launched what it claims is the world’s first fully autonomous CTEM solution, integrated into its Cyber Risk Singularity platform. After establishing leadership in CRQ and gaining traction in TPRM—with over half its customers using the module—CTEM is now positioned as its next major growth engine.

The company reports triple-digit revenue growth for three consecutive years and has raised over \$170 million to date. Its customer base includes major names like google, Fidelity, T-Mobile, Chevron, and IHG.