SAFE, a cybersecurity company led by Saket Modi, has secured $70 million in a Series C funding round, marking a major milestone in its mission to lead the next wave of autonomous cyber risk management. The round was led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, and Prosperity7 Ventures, alongside continued support from existing backers such as Eight Roads, John Chambers, and Sorenson Capital.
Known for pioneering fully autonomous Third-Party Risk Management (TPRM), SAFE plans to leverage the fresh capital to scale its footprint in the cyber risk management space and further develop its Agentic AI-native reasoning models aimed at realizing CyberAGI (Cyber Artificial General Intelligence).
The company also announced a major enhancement to its Cyber Risk Singularity platform, unveiling what it describes as the world’s first fully autonomous Continuous Threat Exposure Management (CTEM) solution powered by Agentic AI.
“This is a defining moment in our pursuit of CyberAGI,” said Saket Modi, Co-Founder and CEO of SAFE. “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,” Modi added.
Investor confidence is rooted in SAFE’s strategic positioning and execution capabilities.
“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,” said Nishant Rao, Founding Partner at Avataar Ventures.
“What makes SAFE stand out is its positioning – not as another detection tool, but as a strategic intelligence layer across the entire cybersecurity stack… partnering with Saket and his team was an easy decision.”
SAFE’s client list includes industry giants like Google, Fidelity, T-Mobile, Chevron, and IHG. With this funding, the company’s total capital raised now exceeds $170 million, bolstering its mission to deliver Autonomous Cyber Risk Management across CRQ, TPRM, and CTEM.
