SAFE Security, co-founded by Indian entrepreneur Saket Modi, has raised $70 million in Series C funding. This round was led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, and existing backers like Eight Roads, John Chambers, and Sorenson Capital.
What Makes SAFE Special?
SAFE Security is not just another cybersecurity startup. Headquartered in Palo Alto and with deep roots in India, SAFE is focused on revolutionising how companies tackle cyber threats. Its mission is clear: build CyberAGI, the world’s first autonomous system capable of managing cybersecurity like a human brain but much faster and smarter.
Already a leader in Cyber Risk Quantification (CRQ), SAFE introduced Agentic AI into Third-Party Risk Management (TPRM) in 2023. Now, the latest milestone is their Continuous Threat Exposure Management (CTEM) solution, described as the world’s first to be fully autonomous and powered entirely by AI agents.
How Will SAFE Use the New Funding?
This major investment will drive research and development in Agentic AI, aiming to make all layers of cyber-risk management smarter and autonomous. Funds will also help SAFE grow its presence worldwide and scale up its engineering and go-to-market teams.
Trusted Globally, Powered from India
SAFE Security started as a campus business at IIT Bombay. Today, it counts Google, Fidelity, T-Mobile, Chevron, and IHG among its clients, and builds much of its core technology in India. It is now trusted by enterprises and cyber insurers who need real-time cyber risk assessment and actionable intelligence to fight constantly evolving threats.
Vision for the Future: CyberAGI
Saket Modi sees CyberAGI as the future of cyber defense. By blending Indian tech innovation and global ambition, SAFE aims to make the dream of human-like, automated cybersecurity a reality.