Total amount raised
$143 Million
Latest funding date
4/1/2023
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.
What Is Safe Security?
Safe Security, headquartered in Palo Alto, California, specializes in cyber risk management solutions. The company operates in multiple industries, including Artificial Intelligence, Cyber Security, Information Technology, Network Security, and Risk Management. With a workforce of 101-250 employees, Safe Security is a private entity currently in the Series C funding stage.
Safe Security offers a unified platform for managing both third-party and first-party cyber risks, leveraging AI to provide solutions for cyber risk quantification, continuous threat exposure management, and third-party risk management. The company has recently enhanced its platform through the acquisition of Balbix.
How Much Funding Has Safe Security Raised?
- Seed Round
- Amount Raised: USD 2,200,000
- Date: May 2017
- Lead Investors: Kulmeet Bawa, Rajan Anandan
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial cyber risk management platform.
- Series Unknown
- Amount Raised: INR 3,000,000,000
- Date: July 2018
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market presence and enhance their platform capabilities.
- Series A
- Amount Raised: USD 5,000,000
- Date: October 2018
- Lead Investors: John Chambers
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and further develop their AI-driven cyber risk management solutions.
- Series A
- Amount Raised: USD 7,000,000
- Date: December 2019
- Lead Investors: MS&AD Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their platform's predictive capabilities and expand their customer base.
- Debt Financing
- Amount Raised: USD 2,000,000
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
- Series A
- Amount Raised: USD 33,000,000
- Date: July 2021
- Lead Investors: BT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new technology development.
- Series B
- Amount Raised: USD 50,000,000
- 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 growing need for a new approach to cyber risk management and expand operations.
- Series C
- Amount Raised: USD 70,000,000
- Date: July 2025
- Lead Investors: Avataar Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support further expansion and enhance their AI-driven platform.
Total Amount Raised: USD 169,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- Avataar Venture Partners
- Details: Avataar Venture Partners is a venture capital firm that focuses on scaling growth-stage B2B and SaaS companies. They have a strong presence in the technology sector.
- Investment Focus Areas: Technology, SaaS, B2B.
- Notable Investments: Freshworks, Zenoti, RateGain.
- JC2 Ventures
- Details: JC2 Ventures is a venture capital firm founded by John Chambers, former CEO of Cisco. The firm focuses on helping disruptive startups scale globally.
- Investment Focus Areas: Technology, Cybersecurity, AI.
- Notable Investments: Uniphore, Sprinklr, Pindrop.
- MS&AD Ventures
- Details: MS&AD Ventures is the venture capital arm of MS&AD Insurance Group, focusing on innovative startups that can transform the insurance industry.
- Investment Focus Areas: Insurtech, Fintech, AI.
- Notable Investments: Next Insurance, Lemonade, Hippo.
- Sorenson Capital
- Details: Sorenson Capital is a private equity firm that invests in high-growth technology and healthcare companies. They led the Series B funding round for Safe Security.
- Investment Focus Areas: Technology, Healthcare, SaaS.
- Notable Investments: Health Catalyst, Pluralsight, Workfront.
- BT
- Details: BT is a multinational telecommunications company headquartered in London, UK. They have invested in Safe Security to enhance their cybersecurity offerings.
- Investment Focus Areas: Telecommunications, Cybersecurity, Network Services.
- Notable Investments: Not publicly disclosed.
What's Next for Safe Security?
Safe Security stands at the cusp of a significant opportunity, driven by the increasing demand for real-time, AI-driven cyber risk management solutions. With regulatory pressures mounting and the inadequacies of legacy systems becoming more apparent, Safe Security's platform is poised to become indispensable for businesses across various industries. The company's rapid growth, marked by a 200% year-over-year increase, underscores the vast market potential.
Future fundraising opportunities appear promising as the demand for innovative cyber risk management tools continues to rise. Investors are likely to be drawn to Safe Security's unique approach and proven track record, paving the way for additional funding rounds to support further expansion and technological advancements.
However, challenges lie ahead. Economic headwinds and the need to continuously innovate to stay ahead of competitors are significant hurdles. Additionally, ensuring the platform's scalability and effectiveness across diverse regulatory environments will be crucial for sustained success.
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