Total amount raised
$143 Millions
Latest funding date
Location
Safe Security has successfully raised significant funding over multiple rounds, with its latest being a Series B. The platform offers comprehensive cyber risk management solutions, helping organizations mitigate risks in real-time.
Keep reading to explore the intricacies of Safe Security's fundraising journey and the investors backing this innovative platform.
What Is Safe Security?
Founded on May 15, 2012, Safe Security is a cyber risk management startup based in Palo Alto, California. The company was established by Rahul Tyagi, Saket Modi, Vidit Baxi, and Vinu Thomas.
Safe Security specializes in providing real-time cyber risk management solutions. Their platform helps organizations quantify cyber risk in financial terms, manage attack surfaces, and automate the monitoring of security controls.
With a team of 101-250 employees, Safe Security continues to innovate in the field of cybersecurity, offering comprehensive solutions to mitigate risks effectively.
How Much Funding Has Safe Security Raised?
- Seed Round
- Amount Raised: $2.2M
- Date: May 2017
- Lead Investors: Kulmeet Bawa, Rajan Anandan
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their cyber risk management platform.
- Venture Round
- Amount Raised: ₹3B
- Date: July 2018
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance platform capabilities.
- Series A
- Amount Raised: $5M
- Date: October 2018
- Lead Investors: John Chambers
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve product features.
- Debt Financing
- Amount Raised: $2M
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support short-term operational costs.
- Series A
- Amount Raised: $7M
- Date: December 2019
- Lead Investors: MS&AD Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their cyber risk quantification capabilities.
- Series A
- Amount Raised: $33M
- Date: July 2021
- Lead Investors: BT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their global footprint and accelerate product development.
- Series B
- Amount Raised: $50M
- Date: April 2023
- Lead Investors: JC2 Ventures, MS&AD Ventures, Sorenson Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address the inadequacies of legacy cyber risk management solutions and provide a real-time, data-driven approach.
Total Amount Raised: $99.2M
Current Valuation: Not publicly disclosed
Key Investors
- JC2 Ventures
- Details: JC2 Ventures is a venture capital firm founded by John Chambers, former CEO of Cisco. The firm focuses on helping startups scale and succeed globally.
- Investment Focus Areas: Technology, cybersecurity, digital health.
- Notable Investments: Pindrop, Uniphore, Sprinklr.
- MS&AD Ventures
- Details: MS&AD Ventures is the corporate venture capital arm of MS&AD Insurance Group. The firm invests in innovative startups that can enhance the insurance industry.
- Investment Focus Areas: Insurtech, fintech, cybersecurity.
- Notable Investments: Next Insurance, Hippo, Lemonade.
- Sorenson Capital
- Details: Sorenson Capital is a private equity firm that invests in high-growth technology and healthcare companies. The firm provides both capital and strategic support to its portfolio companies.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Pluralsight, Health Catalyst, InMoment.
- Eight Roads
- Details: Eight Roads is the venture capital arm of Fidelity Investments. The firm focuses on technology and healthcare investments globally.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: Alibaba, Made.com, Neo4j.
- Telstra Ventures
- Details: Telstra Ventures is a venture capital firm that invests in technology companies, particularly those with strategic alignment to Telstra, Australia's largest telecommunications company.
- Investment Focus Areas: Cybersecurity, cloud, data analytics.
- Notable Investments: Box, CrowdStrike, DocuSign.
What's Next for Safe Security?
Safe Security stands at the cusp of a significant opportunity, driven by the increasing demand for real-time, data-driven cyber risk management solutions. With regulatory pressures mounting and the inadequacies of legacy systems becoming more apparent, the company is well-positioned to lead the market. Their AI-driven platform, co-developed with MIT, offers a predictive approach to cyber risk, translating it into financial terms that resonate with business leaders and board members.
As Safe Security continues to grow, future fundraising opportunities seem promising. The company's rapid expansion and the substantial market demand suggest that additional investment rounds could support further innovation and global reach. However, challenges such as economic headwinds, the need for continuous innovation, and competition from other cybersecurity firms remain. Navigating these obstacles will be crucial for Safe Security to maintain its growth trajectory and market leadership.
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