Safe Security secures $70 million to scale AI-powered cyber risk solutions

Safe Security provides AI-driven solutions to help organizations assess, prioritize, and mitigate cyber risks, with a platform spanning CRQ, TPRM, and CTEM—claiming to be the first to fully automate the latter two domains

Cybersecurity firm Safe Security has secured $70 million in a Series C funding round led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, and existing investors including Eight Roads, Cisco chairman and CEO John Chambers, and Sorenson Capital.

Founded in 2012 by Saket Modi, Viditkumar Baxi, and Rahul Tyagi, Safe Security was initially incubated at IIT-Bombay and bootstrapped for its first four years. Since then, the company has expanded globally, shifting its headquarters to Palo Alto and establishing offices in New York, London, Bengaluru, and most recently, New Delhi.

Safe Security specializes in cyber risk quantification, offering AI-powered tools that help organizations assess, prioritize, and reduce cyber risks across their digital infrastructure. Its core platform spans three critical areas—Cyber Risk Quantification (CRQ), Third-Party Risk Management (TPRM), and Continuous Threat Exposure Management (CTEM). The company claims to be the first to fully automate both TPRM and CTEM, extending its leadership in the CRQ segment.

Accelerating CyberAGI development efforts

The newly raised capital will fuel Safe’s development of “CyberAGI,” an advanced AI-native cybersecurity intelligence system designed to provide autonomous reasoning across complex threat environments. As part of this initiative, Safe recently launched what it describes as the world’s first fully autonomous CTEM solution within its broader Cyber Risk Singularity platform.

“This funding marks a milestone in our vision to create CyberAGI,” said Saket Modi, CEO and co-founder of Safe Security. “Since launching our platform in 2020, we’ve built category leadership in CRQ, expanded into TPRM, and are now pioneering CTEM. Our approach has consistently delivered strong results.”

The company reports that over half its customer base has already adopted the TPRM module. Its clientele includes global names such as Google, Fidelity, T-Mobile, Chevron, and IHG. Safe also claims triple-digit revenue growth over the past three years, with a total funding raised to date exceeding $170 million.

Nishant Rao, founding partner at Avataar Ventures, described Safe as a “strategic intelligence layer” in the cybersecurity landscape. “Unlike most tactical or narrowly focused solutions, Safe addresses a boardroom-level priority—comprehensive cyber risk management,” Rao said.