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Total amount raised
$170M
Latest funding date
2025-07-31
Location
Safe Security has raised $70 million in Series C funding, marking a significant milestone in its financial journey. The company has gone through 8 funding rounds, attracting a total of 27 investors, including Prosperity7 Ventures and John Chambers.
Keep reading to explore the intricacies of Safe Security's fundraising journey and the investors backing this innovative platform.
Safe Security has raised over $170 million across multiple funding rounds, backed by investors including Avataar Venture Partners, Sorenson Capital, BT Group, MS&AD Ventures, and John Chambers (JC2 Ventures), among others.
Keep reading to explore Safe Security's complete fundraising journey, its key backers, and what may come next for the company.
What Is Safe Security?
Safe Security (formerly Lucideus) is a Palo Alto-based cyber risk management company. Its flagship Cyber Risk Singularity Platform delivers AI-driven Cyber Risk Quantification (CRQ), Continuous Threat Exposure Management (CTEM), and Third-Party Risk Management (TPRM). Safe Security serves Fortune 500 companies and governments globally and is working toward building what it calls "CyberAGI"— AI designed to make organizations unhackable. The company rebranded from Lucideus to Safe Security in 2021.
How Much Funding Has Safe Security Raised?
- Angel Round (2016)
- Amount Raised: Undisclosed
- Date: September 2016
- Lead Investors: Amit Choudhary (Motilal Oswal Private Equity)
- Participants: Angel investors
- Seed Round (2017)
- Amount Raised: USD 2,200,000
- Date: May 2017
- Lead Investors: Kulmeet Bawa, Rajan Anandan (Google India)
- Participants: Multiple angel investors including Govind Rajan, Salil Donde, Vellayan Subbiah, and others
- Series A — Tranche 1 (2018)
- Amount Raised: USD 5,000,000
- Date: October 2018
- Lead Investors: John Chambers (JC2 Ventures)
- Series A — Tranche 2 (2019)
- Amount Raised: USD 7,000,000
- Date: December 2019
- Lead Investors: MS&AD Ventures
- Participants: Western Technology Investment (WTI)
- Series A — Tranche 3 (2021)
- Amount Raised: USD 33,000,000
- Date: July 2021
- Lead Investors: BT Group (British Telecom), John Chambers (JC2 Ventures)
- Participants: Existing investors
- Series B (2023)
- Amount Raised: USD 50,000,000
- Date: April 18, 2023
- Lead Investors: Sorenson Capital
- Participants: Eight Roads (Fidelity Investments), Telstra Ventures, Western Technology Investment (WTI), and existing investors
- Series C (2025)
- Amount Raised: USD 70,000,000
- Date: July 31, 2025
- Lead Investors: Avataar Venture Partners
- Participants: Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, Eight Roads, John Chambers (JC2 Ventures), Sorenson Capital
Total Amount Raised: At least $170M based on disclosed funding (company-confirmed figure following Series C close; early angel rounds were of undisclosed amounts).
Key Investors
- Avataar Venture Partners
- Details: Lead investor in the 2025 Series C. Avataar is a growth-stage B2B technology-focused VC firm and led the $70M round that values Safe Security's autonomous cyber risk management platform.
- Sorenson Capital
- Details: Led the Series B ($50M) in April 2023 and also participated in the Series C. A Utah-based growth equity and venture firm with a track record in enterprise SaaS.
- BT Group (British Telecom)
- Details: Co-led the 2021 Series A ($33M) alongside John Chambers. BT's strategic investment reflects its interest in deploying Safe Security's platform for its enterprise customers globally.
- John Chambers / JC2 Ventures
- Details: Former chairman and CEO of Cisco. Led the 2018 Series A ($5M) and co-led the 2021 round. Also participated in the 2023 Series B and 2025 Series C as an existing investor. One of Safe Security's most consistent backers.
- MS&AD Ventures
- Details: Corporate venture arm of MS&AD Insurance Group Holdings (Japan). Led the December 2019 round ($7M), reflecting strategic interest from the insurance sector in cyber risk quantification.
- Eight Roads Ventures
- Details: Venture capital arm of Fidelity Investments. Participated in the Series B and Series C rounds.
- Prosperity7 Ventures
- Details: The diversified growth fund of Aramco Ventures. Joined as a new investor in the Series C (2025).
- Susquehanna Asia Venture Capital
- Details: Asia-focused arm of SIG (Susquehanna International Group). New investor in the 2025 Series C round.
What's Next for Safe Security?
Safe Security is well-positioned to expand its presence in the rapidly growing cyber risk management market. With its AI-powered platform, the company aims to help organizations proactively manage and mitigate cyber risks. The recent funding will likely be used to enhance its platform's capabilities, expand its global footprint, and attract new customers. As cyber threats continue to evolve, Safe Security's innovative approach to risk quantification and management could make it a key player in the cybersecurity industry.
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