Exclusive: Security startup Maze finds way to $25M Series A
Maze, an agentic AI startup for cloud security, raised a $25 million Series A led by Theory Ventures, co-founder and CEO Harry Wetherald tells Axios Pro.
Why it matters: The exploitation of vulnerabilities jumped by 34% last year with increasing cloud adoption.
How it works: London-based Maze deploys thousands of agents to investigate customer's cloud data and identify and fix vulnerabilities.
State of play: Other startups are riding the excitement for agentic AI.
In April, Cynomi, a cybersecurity agentic AI platform for service providers, raised a $37 million Series B, and agentic AI security operations center startup Exaforce locked up $75 million in Series A.
"The emerging capabilities of AI will transform security," says Andy Triedman, a partner at Theory Ventures. "The question isn't will this work? The question is who is going to win?"
Zoom in: Existing investors Cherry Ventures and Tapestry VC also participated in the new round.
It comes just nine months after Maze raised a $6 million seed round led by Cherry Ventures.
What they're saying:"Investor interest came to us as security is going to go through a big change thanks to AI," Wetherald said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
18 minutes ago
- Bloomberg
Economy, Meet Reality
Morning, I'm Louise Moon from Bloomberg UK's breaking news team, bringing you up to speed on today's top business stories. Yesterday's spending review was all about shifting to a more positive tone as Rachel Reeves loosened the purse strings and pumped billions around the country.
Yahoo
20 minutes ago
- Yahoo
Sterling Weakens After U.K. GDP Contracts in April
Sterling fell to a one-month low against the euro after data showed the U.K. economy contracted more than expected, however XTB said the pound's decline could be temporary as the U.K. has fewer exports to the U.S. than many other countries and has sealed a trade deal.
Bloomberg
20 minutes ago
- Bloomberg
Wayve CEO on London Self-Driving Cars Trial With Uber
Wayve Technologies CEO & Co-Founder Alex Kendall discusses the company's plans to remain "asset light" and adaptable for all car manufacturers. This comes after the startup's announcement earlier this week that they will be partnering with Uber to trial fully autonomous vehicles in London. The two companies have been working together for some time, with Uber owning a strategic investment in the London-based startup. Kendall speaks to Bloomberg's Tom Mackenzie at sidelines of Founders Forum in Oxfordshire, UK. (Source: Bloomberg)
