SAFE, a cybersecurity company specialising in AI-driven cyber risk management, has announced the close of a $70m Series C funding round.
The investment was led by Avataar Ventures, with backing from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, and existing supporters including Eight Roads, John Chambers, and Sorenson Capital.
Launched in 2020, SAFE has built a strong reputation in the cyber risk management space, particularly through its Cyber Risk Quantification (CRQ) and fully autonomous Third-Party Risk Management (TPRM) solutions. The company is now extending its AI-first approach to a new frontier—Continuous Threat Exposure Management (CTEM).
The firm claims its platform allows security teams to quantify, prioritise, and mitigate cyber threats across first and third parties, transforming cyber risk into a board-level priority. SAFE’s client list includes major global brands such as Google, Fidelity, T-Mobile, Chevron, and IHG.
SAFE CEO and co-founder Saket Modi said, “This is a defining moment in our pursuit of CyberAGI. When we launched our platform in 2020, we carefully selected a market that would be the foundation of cyber risk management – Cyber Risk Quantification (CRQ). Not only did we shape the category, we’ve become its undisputed leader.
“In 2023, we brought the same disruptive mindset to Third-Party Risk Management (TPRM) with Agentic AI, and today we’re fast emerging as the clear frontrunner.
“Now, we’re applying that same Agentic AI-first approach to our next frontier: Continuous Threat Exposure Management (CTEM). Each of these domains are critical building blocks in our singular pursuit: achieving CyberAGI.”
Avataar Ventures founding partner Nishant Rao added, “Our investment philosophy is rooted in deep conviction around transformative market shifts—and few are as compelling as the opportunity in cybersecurity, especially in the age of AI.
“Most cybersecurity sub-sectors we’ve evaluated are either overcrowded or limited to tactical, widget-like solutions. But cybersecurity today is a boardroom and CEO-level priority, and that’s not changing anytime soon.
“What makes SAFE stand out is its positioning – not as another detection tool, but as a strategic intelligence layer across the entire cybersecurity stack. Combine that with a stellar execution track record and consistent 120%+ YoY growth since their launch in 2020, partnering with Saket and his team was an easy decision.”
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