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- Noma Security
Noma Security Valuation, Funding & Investors
Noma Security is valued at $400M as of July 2025.
Last Noma Security valuation
$400M
Series B · Jul 2025
Last Noma Security funding round
$100M
Series B · Jul 2025
Cumulative funding Noma Security raised
$132M
across 3 funding rounds
Key investors in Noma Security
Glilot Capital Partners
Ballistic Ventures
Evolution Equity Partners
Cyber Club London
Ofer Ben Noon
Michael Coates
About Noma Security
Noma Security is a Boston-headquartered platform for AI security and governance. It continuously inventories AI models, agents, and infrastructure across cloud providers like AWS and Azure. Features include runtime monitoring for anomalous behaviors, compliance checks against frameworks like NIST, and simulated red team attacks to strengthen defenses in enterprise deployments.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$400M (Jul 2025)
Noma Security Valuation
Noma Security is currently valued at $400M, based on its Series B in July 2025.
The $100M round was led by Evolution Equity Partners, with participation from Ballistic Ventures and Glilot Capital Partners.
Noma Security's valuation has moved from $400M at its seed round in January 2024 to $400M in July 2025, across 2 priced rounds.
Noma Security valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2025 | Series B | $400M |
| Jan 2024 | Seed | $400M |
Noma Security Funding History
Noma Security has raised a total of $132M across 3 funding rounds.
Noma Security's first fundraising round was a $7M seed round in January 2024. The most recent completed round was a $100M Series B in July 2025.
Noma Security funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Series B | Evolution Equity Partners (lead); Ballistic Ventures; Glilot Capital Partners | $100M | $400M | Noma Security, founded in 2023 and headquartered in Tel Aviv with an office in New York, provides a unified platform for AI and agent security, offering continuous AI discovery, security posture management, risk prioritization, red teaming, and runtime protection to help enterprises govern AI risks and comply with regulations like the EU AI Act. The company serves Fortune 500 organizations, identifying millions of AI risks and enabling customers to process hundreds of millions of AI prompts monthly while scanning thousands of model artifacts across cloud, code repositories, and development platforms. On July 31, 2025, Noma announced a $100 million Series B funding round led by Evolution Equity Partners, with participation from existing investors Ballistic Ventures and Glilot Capital, less than a year after its prior round, positioning it as the fastest-growing company in the AI security category. The funding will accelerate innovation in AI and agent security, expand go-to-market operations across North America and EMEA, and grow product, R&D, and research teams in Tel Aviv to meet rising demand for AI governance amid exploding agentic AI adoption—53% of organizations expect implementation by 2026 and 83% by 2028 per UBS Research. Evolution's Richard Seewald highlighted Noma's comprehensive platform addressing CISO challenges and rapid product-market fit evidenced by customer growth. Noma's CEO Niv Braun emphasized building the most comprehensive solution for AI and agents to enable confident innovation. Noma differentiates by automatically mapping AI applications across corporate networks, spotting vulnerabilities pre-production from development tools, providing runtime guardrails against malicious prompts, ensuring regulatory compliance, and verifying open-source licensing. The round supports scaling engineering for faster product development and international expansion, building on a customer base of several dozen organizations including AI-forward enterprises. |
| Oct 2024 | Series A | Ballistic Ventures (lead) | $25M | - | Noma Security is a cybersecurity platform specializing in AI and agent security, providing end-to-end security coverage for the AI development lifecycle. The company's solution consolidates fragmented security use cases into a single platform, addressing vulnerabilities in data pipelines, MLOps tools, AI models, and emerging threats like prompt injection and adversarial attacks. On October 31, 2024, Noma exited stealth mode and announced $32 million in Series A funding led by Ballistic Ventures, with participation from Glilot Capital Partners and strategic angel investors including current and former CISOs from major companies like McDonald's and Google DeepMind. The funding round also included a previously undisclosed seed round led by Glilot Capital Partners. Noma was founded in 2023 by Niv Braun (CEO) and Alon Tron (CTO), who met in Israel's 8200 intelligence unit. The company reported that it increased ARR more than 1,300 percent in the year leading up to July 2025, with adoption among Fortune 500 customers, and by July 2025 raised an additional $100 million in Series B funding from Evolution Equity Partners, bringing total funding to $132 million in less than two years. Noma has contributed to industry standards through participation in the OWASP AI Exchange and has informed U.S. government policy on AI security, including NIST guidelines. |
| Jan 2024 | Seed | Glilot Capital Partners (lead); Zohar Alon; Michael Coates; Guy Nizan; Varun Badhwar; Ohad Bobrov; Manoj Apte; Cyber Club London; Ofer Ben Noon; Ron Zoran; Gal Ben David | $7M | $400M | Noma Security is a cybersecurity company providing a unified platform for AI and agent security, helping enterprises secure, govern, and manage AI systems and agents by detecting, prioritizing, and mitigating risks across cloud environments, code repositories, and AI development platforms. Founded in 2023 by IDF 8200 alumni Niv Braun and Alon Tron, the company emerged from stealth in November 2024 with $32 million in funding and has grown to 40 employees across Israel and the US. It serves Fortune 500 customers in sectors like financial services, life sciences, retail, and technology, with one customer processing hundreds of millions of AI prompts monthly. Noma Security raised $100 million in a Series B round in July 2025, led by Evolution Equity Partners, with participation from Ballistic Ventures and Glilot Capital Partners, bringing total funding to $132 million. Sources indicate the round was completed at a $400 million valuation. The funds will accelerate product innovation, expand go-to-market operations in North America and EMEA, and grow R&D teams in Tel Aviv. Investors highlighted the company's rapid customer growth, product-market fit, and comprehensive AI security solution. The company ended 2024 with a strong customer portfolio and achieved over 1,300% ARR growth in the prior year, positioning it as the fastest-growing firm in the AI security category. Noma Security has been recognized by Gartner as a leader in AI trust, risk, and security management (AI TRiSM) and is backed by additional investors including Cyber Club London, Databricks Ventures, and SVCI. |
Who has invested in Noma Security?
13 investors have backed Noma Security across its funding rounds, including Glilot Capital Partners, Ballistic Ventures, Evolution Equity Partners, Cyber Club London, Ofer Ben Noon and Michael Coates.
Lead investors include Evolution Equity Partners, Ballistic Ventures and Glilot Capital Partners.
Noma Security Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2024 | ||
| 2 | Lead | Jan 2024 | ||
| 1 | Lead | Jul 2025 | ||
| 1 | Participant | Jan 2024 | ||
| 1 | Participant | Jan 2024 | ||
| 1 | Participant | Jan 2024 | ||
| 1 | Participant | Jan 2024 | ||
| 1 | Participant | Jan 2024 | ||
| 1 | Participant | Jan 2024 | ||
| 1 | Participant | Jan 2024 | ||
| 1 | Participant | Jan 2024 | ||
This data is available for Pro users. Sign up to see all 13 Noma Security investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialNoma Security Competitors
Noma Security competitors include listed companies like Mitek Systems and Ropeok Technology Group, and private ones like ConductorOne, Delve, Dtex Systems and IRONSCALES.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $353M | - | ||
| Private | - | - | $300M | - | ||
| Private | - | - | $400M | - | ||
| Private | - | - | $340M | - | ||
| Publicly listed | $180M | $37M | $781M | 3.7x | ||
| Publicly listed | $23M | ($28M) | $396M | - |
Noma Security Public Comps
Noma Security is still privately-owned, but its public comps include F-Secure, Ropeok Technology Group, Itsec Asia, BTQ Technologies, FFRI Security, Winner Technology, DSC Holdings, Digital Arts, AHNLAB and Cerence.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $168M | $59M | 3.4x | 3.2x | 9.6x | 9.8x | |||
| $23M | ($28M) | 18.6x | - | (15.2x) | - | |||
| $30M | $6M | 13.3x | 10.5x | 63.6x | 38.5x | |||
| $226K | ($18M) | 1720.6x | 266.9x | (21.8x) | - | |||
| $28M | $10M | 13.4x | 13.7x | 38.3x | - | |||
| $46M | ($7M) | 9.0x | - | (60.9x) | - | |||
| $101M | ($10M) | 3.3x | - | (34.3x) | - | |||
| $70M | $37M | 3.9x | 3.7x | 7.3x | - | |||
This data is available for Pro users. Sign up to see all Noma Security competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Noma Security
| When was Noma Security founded? | Noma Security was founded in 2023. |
| Where is Noma Security headquartered? | Noma Security is headquartered in Herzliya, Israel. |
| Is Noma Security publicly listed? | No, Noma Security is a private, VC-backed company. |
| What is Noma Security's valuation? | Noma Security was last valued at $400M in its Series B in July 2025. |
| How much funding has Noma Security raised? | Noma Security has raised $132M across 3 funding rounds. |
| What was Noma Security's last funding round? | Noma Security's last funding round was a $100M Series B in July 2025, led by Evolution Equity Partners. |
| Who are Noma Security's investors? | Noma Security's investors include Ballistic Ventures, Glilot Capital Partners, Evolution Equity Partners, Zohar Alon, Michael Coates, Guy Nizan, Varun Badhwar, Ohad Bobrov, Manoj Apte, Cyber Club London and 3 others. |
| Which companies are comparable to Noma Security? | Companies comparable to Noma Security include ConductorOne, Delve, Dtex Systems, IRONSCALES, Mitek Systems and Ropeok Technology Group. |
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