Latest news with #CyberAGI
Time of India
01-08-2025
- Business
- Time of India
Safe Security raises $70 million for autonomous cyber platform
Bengaluru: Cybersecurity startup Safe secured $70 million in funding, led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital and existing backers such as Eight Roads, John Chambers, and Sorenson Capital. Tired of too many ads? go ad free now It counts Google, Fidelity, T-Mobile, Chevron, and IHG among its customers. With this round, the firm incubated at IIM Bombay raised $170 million so far. "We aim to build what we call CyberAGI, inspired by OpenAI's artificial general intelligence—a system capable of autonomous, human-like intelligence. Our vision is to create a cybersecurity AGI that can proactively detect and mitigate cyberattacks. This system will interact with multiple layers of a business and its security infrastructure to continuously learn, adapt, and respond intelligently," said Saket Modi, cofounder and CEO of Safe. Safe pivoted from services to products and essentially shut down the services business. Its current focus is on building systems of intelligence for decision-making and cybersecurity. It also unveiled an upgrade to its cyber risk singularity platform: the world's first fully autonomous continuous threat exposure management (CTEM) solution, powered by Agentic AI. "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). 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 AgenticAI-first approach to our next frontier: CTEM. Each of these domains are critical building blocks in our singular pursuit: achieving CyberAG," he added.
News18
31-07-2025
- Business
- News18
SAFE raises USD 70 mn for building CyberAGI
Agency: PTI Last Updated: New Delhi, Jul 31 (PTI) Cyber security firm SAFE has raised USD 70 million in a fresh funding round led by Avataar Ventures for building CyberAGI, the company said on Thursday. Artificial intelligence major OpenAI defines AGI as the next version of AI that may surpass human intelligence. 'SAFE… announced a USD 70 million Series C funding round. The round was led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, and existing investors including Eight Roads, John Chambers and Sorenson Capital among others," the company said in a statement. SAFE said the total fund raised by the company has reached USD 170 million. Alongside the funding, SAFE unveiled an upgrade to its Cyber Risk Singularity platform that the company claims to be the world's first fully autonomous Continuous Threat Exposure Management (CTEM) solution, powered by Agentic AI. 'The capital will be used to accelerate SAFE's dominance in the cyber risk management market and fuel continued innovation to build Agentic AI-native reasoning models to move closer to SAFE's mission to achieve CyberAGI," the the California-based company said in a statement. 'We have over 100 employees in India. Most of our investment will go into India as… almost all our products and engineering is in the country," SAFE Co-founder and CEO Saket Modi said. Google, Fidelity, T-Mobile, Chevron, and IHG are among its customers, SAFE said. PTI PRS TRB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 31, 2025, 20:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
31-07-2025
- Business
- Business Standard
SAFE Security bags $70 mn to build AI tools for autonomous cyber governance
SAFE Security, a cybersecurity risk-management firm, has raised $70 million in Series C funding to expand its AI-powered platform for cyber threat assessment and automation. The round was led by Avataar Ventures and saw participation from Susquehanna Asia Venture Capital, NextEquity Partners and Prosperity7 Ventures, alongside existing backers Eight Roads, John Chambers and Sorenson Capital. The company did not disclose its valuation after the latest transaction. Eight Roads had first invested in SAFE during its $50 million Series B round in 2023. Agentic AI and the push for autonomous governance Founded in 2012 by Saket Modi, Vidit Baxi, and Rahul Tyagi, SAFE focuses on cyber risk quantification and third-party risk management. The new funding will be channelled into developing 'agentic AI' models—automated systems designed to drive cybersecurity decisions with minimal human intervention. This effort is part of the company's broader mission to achieve what it calls 'CyberAGI'—fully automated cybersecurity governance for enterprises and insurers. '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,' said Nishant Rao, founding partner at Avataar Ventures. New software promises faster, smarter threat detection SAFE also launched a new AI-powered software suite that automates cyber threat monitoring and assessment, aiming to reduce manual workloads for corporate security teams. The system delivers real-time threat insights with contextual explanations of risk factors, potentially enabling faster and more effective responses to cyberattacks. 'When we launched our platform in 2020, we carefully selected a market that would be the foundation of cyber risk management. We've become the category leader,' said Saket Modi, co-founder and chief executive officer of SAFE. Global operations and marquee clients SAFE serves large enterprises and cyber insurance carriers, helping them assess and mitigate cyber risks in real time. Its clientele includes global brands such as Google, Fidelity, T-Mobile, Chevron and IHG. The company maintains operations in both India and the United States, with a significant portion of its technology and product development based in India. With the latest round, SAFE's total capital raised now exceeds $170 million.
