Safe Security Valuation, Funding & Investors
Safe Security is valued at $27M as of October 2018.
Last Safe Security valuation
$27M
Series A · Oct 2018
Last Safe Security funding round
$70M
Series C · Jul 2025
Cumulative funding Safe Security raised
$211M
across 7 funding rounds
Key investors in Safe Security
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John ChambersEight Roads Ventures
MS&AD Ventures
Sorenson Capital
Western Technology Investment
Titanium Ventures
About Safe Security
Safe Security is a cyber risk management platform that quantifies enterprise threats in real time through modules for risk quantification, third-party management, threat exposure, and cyber insurance. Headquartered in San Jose, California, the company uses AI agents to aggregate signals from vendors and threats, delivering prioritized remediation for Fortune 500 clients.
Founded
2012
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$27M (Oct 2018)
Safe Security Valuation
Safe Security is currently valued at $27M, based on its Series A in October 2018.
The $5M round was led by John Chambers, with participation from JCEP Investments, LLC.
Safe Security valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2018 | Series A | $27M |
Safe Security Funding History
Safe Security has raised a total of $211M across 7 funding rounds.
Safe Security's first fundraising round was a $2M seed round in May 2017. The most recent completed round was a $70M Series C in July 2025.
Safe Security funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Series C | Avataar Venture Partners (lead); John Chambers; Prosperity7 Ventures; Susquehanna Venture Capital; Sorenson Capital; Eight Roads Ventures; NextEquity Partners | $70M | - | Safe Security, founded in 2012 by Saket Modi, Viditkumar Baxi, and Rahul Tyagi, is a Palo Alto-based cybersecurity intelligence startup that helps large enterprises measure and manage cyber risks in real-time using artificial intelligence. The company's platform continuously assesses an organization's internal systems and third-party partners, quantifies exposure to cyber threats, simulates breach impacts, and recommends security focus areas. Its offerings include Cyber Risk Quantification (CRQ), Third-Party Risk Management (TPRM), and the newly announced Continuous Threat Exposure Management (CTEM) solution. In July 2025, Safe Security closed a $70 million Series C funding round 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. This round brought total funding raised by the company to over $170 million. The fresh capital was allocated to advance the company's cyber superintelligence roadmap, expand agentic AI-native models, and strengthen its leadership in cyber risk management categories while building toward CyberAGI, an artificial general intelligence designed to manage cybersecurity autonomously. Safe Security demonstrates strong market traction with a client base including Google, Netflix, Fidelity, Victoria's Secret, T-Mobile, Chevron, and IHG Hotels and Resorts. The company has achieved triple-digit revenue growth for three consecutive years and maintains consistent 120% year-over-year growth since 2020. As of the round announcement, Safe Security employed approximately 200 people, with a research and development team of 100 based in India. The Series C valuation was not publicly disclosed by the company or investors. |
| Apr 2023 | Series B | JC2 Ventures (lead); MS&AD Ventures (lead); Sorenson Capital (lead); Titanium Ventures; Eight Roads Ventures; Fidelity Ventures; Western Technology Investment | $50M | - | Safe Security (SAFE) is a Palo Alto-based cybersecurity company specializing in AI-driven cyber risk quantification (CRQ), third-party risk management (TPRM), and continuous threat exposure management (CTEM). Its SAFE One platform integrates cybersecurity telemetry to quantify and prioritize risks in business terms, serving customers like Google, Fidelity, T-Mobile, Chevron, Netflix, and Novartis. SAFE positions itself as a leader in disrupting legacy GRC and TPRM markets with agentic AI, aiming for CyberAGI. The specified Series B round on April 2023 raised $50 million led by JC2 Ventures, MS&AD Ventures, and Sorenson Capital, with participation from Eight Roads Ventures, Fidelity Ventures, Titanium Ventures, and Western Technology Investment. Valuation was not publicly disclosed. The funds supported expansion in cyber risk management and operations amid rising demand for real-time AI solutions. Post-Series B, SAFE achieved significant traction with triple-digit ARR growth, including 120% YoY average since 2020 platform launch and 200% YoY in recent years. ARR grew five-fold since the 2023 Series B by the time of its 2025 Series C. In 2023, SAFE acquired RiskLens to lead the $4B CRQM market and launched innovations like SAFE X AI assistant. SAFE followed with a $70 million Series C in 2025 led by Avataar Ventures, totaling over $169-170 million raised across rounds. It was named a leader in Forrester's Q2 2025 CRQ Wave, with over 50% customer adoption of TPRM. The company targets dominance in a $10B market amid regulatory pressures and cybersecurity tool fragmentation. |
| Jul 2021 | Series A | BT Group (lead); John Chambers | $33M | - | Safe Security announced a $33 million Series funding round led by BT Group in July 2021, intended to help organizations improve risk analysis and prevent data breaches. |
| Dec 2019 | Series A | MS&AD Ventures (lead) | $7M | - | Safe Security (formerly Lucideus) raised $7 million in a Series A funding round in December 2019 led by MS&AD Ventures with participation from WTI as venture debt. The company, a global leader in enterprise Cybersecurity Risk Quantification (CRQ) platforms, used the funds to expand operations in the US, double its engineering and sales teams within three months, and scale its Security Assessment Framework for Enterprises (SAFE) platform. SAFE enables businesses to measure and mitigate cyber-risks in real-time. MS&AD Ventures highlighted the SAFE solution as a comprehensive enterprise platform differentiated from competitors, capable of supporting Fortune 500 companies and SMBs in understanding, valuing, and covering cyber risks. The investment aligned with emerging market trends, as Gartner's top ten security projects for 2019 included security rating services for the first time, underscoring CRQ's importance. This round doubled the company's valuation in ten months, though the specific post-money figure was not disclosed. |
| Oct 2018 | Series A | John Chambers (lead); JCEP Investments, LLC | $5M | $27M | Safe Security raised $5 million in a Series A round in October 2018 led by John Chambers to scale operations and develop AI-driven cyber risk management solutions. The company had previously completed a Seed round of $2.2 million in May 2017 and a Series Unknown round of INR 3 billion in July 2018. John Chambers participated as an investor in later rounds including Series C in 2025. |
| Jul 2018 | Undisclosed stage | InnoVen Capital (lead) | $44M | - | Safe Security is an AI-driven cyber risk management SaaS platform that quantifies and mitigates cyber risks for enterprises, translating technical risks into financial terms using predictive models co-developed with MIT. The company, founded around 2017, focuses on real-time platforms for managing cyber threats, third-party risk, and prioritizing security investments. This was part of InnoVen Capital's H1 2018 commitments totaling $60.9 million across startups. Subsequent rounds included a Seed in May 2017 ($2.2M USD), Series A in October 2018 ($5M USD led by John Chambers), and later Series A in December 2019 ($7M USD). Post-2018, Safe Security continued aggressive growth with a $50 million Series B in April 2023 led by Sorenson Capital, bringing total funding over $100 million at that time, and growing over 200% year-over-year while serving large global enterprises. In a recent Series C, the company raised $70 million led by Avataar Ventures, pushing total funding beyond $170 million, with plans to advance agentic AI for CyberAGI and dominate cyber risk quantification. Investors have highlighted its strategic positioning as an intelligence layer across cybersecurity stacks amid rising AI-driven threats. |
| May 2017 | Seed | Kulmeet Bawa (lead); Rajan Anandan (lead); Amit Ranjan; Vellayan Subbiah; Salil Donde; Vivek Bajoria; Sunil Kalra; Govind Rajan; Victor J Menezes; Jonathan Boutelle; Rahul chawla; Anurag Goel | $2M | - | - |
Who has invested in Safe Security?
27 investors have backed Safe Security across its funding rounds, including John Chambers, Eight Roads Ventures, MS&AD Ventures, Sorenson Capital, Western Technology Investment and Titanium Ventures.
Lead investors include Avataar Venture Partners, JC2 Ventures, MS&AD Ventures, Sorenson Capital, BT Group and 4 other investors.
Safe Security Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| John Chambers | San Jose, CA | 3 | Lead | Oct 2018 |
| San Francisco, CA | 2 | Lead | Dec 2019 | |
| Salt Lake City, UT | 2 | Lead | Apr 2023 | |
 London | 2 | Participant | Apr 2023 | |
 New Delhi | 1 | Participant | May 2017 | |
| Vellayan Subbiah | Chennai | 1 | Participant | May 2017 |
| JCEP Investments, LLC | -- | 1 | Participant | Oct 2018 |
 Dammam | 1 | Participant | Jul 2025 | |
| Salil Donde | Boston, MA | 1 | Participant | May 2017 |
| United States | 1 | Participant | Apr 2023 | |
| London | 1 | Lead | Jul 2021 | |
| Vivek Bajoria | Bangalore | 1 | Participant | May 2017 |
 Hong Kong | 1 | Participant | Jul 2025 | |
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Start Free TrialAcquisitions by Safe Security
Safe Security has acquired 2 companies to date.
Last acquisition by Safe Security was on November 18th 2025. Safe Security acquired Balbix for undisclosed valuation.
Latest Acquisitions by Safe Security
| Description | Balbix is a Sunnyvale-based cybersecurity company providing an AI-powered platform for cyber risk and exposure management. The solution inventories assets across IT, cloud, IoT, and OT environments while assessing vulnerabilities, misconfigurations, and SBOM issues for supply chain risks. It constructs a risk graph integrating exploitability, business impact, and controls to prioritize remediation efforts. Balbix quantifies cyber risks in financial terms and features BIX, an AI assistant for natural-language queries on security posture. The platform supports security teams in aligning defenses with organizational priorities. | RiskLens is a cyber risk quantification platform based on the FAIR standard, allowing executives to measure cyber risks in financial terms. The software integrates with enterprise tools to model scenarios, prioritize threats, and communicate risks to boards. Atlanta-headquartered RiskLens serves financial services, healthcare, and government sectors, with clients including Fortune 500 companies. Founded in 2014, it provides dashboards for CISOs to track risk reductions post-remediation. |
| HQ Country | | |
| HQ City | San Jose, CA | Spokane, WA |
| Deal Date | 18 Nov 2025 | 12 Jul 2023 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
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Safe Security Competitors
Safe Security competitors include listed companies like Sentinel Holdings and Prelude, and private ones like Smart Eye Technology, XQ Message, Keystrike and Ionburst.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
| United States | Publicly listed | $2M | ($2M) | $28M | |
| Atlanta, GA | Private | - | - | $29M | |
| San Francisco, CA | Private | - | - | $29M | |
 France | Publicly listed | $6M | $584K | $25M | |
| Dover, DE | Private | - | - | $25M | |
| Edinburgh | Private | - | - | $25M |
Safe Security Public Comps
Safe Security is still privately-owned, but its public comps include Aware, Sentinel Holdings, Prelude, Senetas, archTIS, Verimatrix, Iscom Online, SafeSpace Global, SMX (Security Matters) and Ealixir.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $17M | ($6M) | 0.8x | - | (2.2x) | - | |||
| $2M | ($2M) | 14.6x | - | (15.5x) | - | |||
| $6M | $584K | 4.1x | - | 43.4x | - | |||
| $14M | $921K | 1.5x | 1.4x | 22.0x | 19.1x | |||
| $4M | ($638K) | 6.4x | 2.9x | (43.7x) | (107.3x) | |||
| $47M | ($5M) | 1.1x | 1.3x | (10.1x) | 24.9x | |||
| $14M | ($947K) | 2.1x | - | (29.9x) | - | |||
| - | ($4M) | - | - | (4.2x) | - | |||
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Common questions about Safe Security
| When was Safe Security founded? | Safe Security was founded in 2012. |
| Where is Safe Security headquartered? | Safe Security is headquartered in San Francisco, CA, United States. |
| Is Safe Security publicly listed? | No, Safe Security is a private, VC-backed company. |
| What is Safe Security's valuation? | Safe Security was last valued at $27M in its Series A in October 2018. |
| How much funding has Safe Security raised? | Safe Security has raised $211M across 7 funding rounds. |
| What was Safe Security's last funding round? | Safe Security's last funding round was a $70M Series C in July 2025, led by Avataar Venture Partners. |
| Who are Safe Security's investors? | Safe Security's investors include John Chambers, MS&AD Ventures, Sorenson Capital, Eight Roads Ventures, Amit Ranjan, Vellayan Subbiah, JCEP Investments, LLC, Prosperity7 Ventures, Salil Donde, Titanium Ventures and 17 others. |
| Which companies are comparable to Safe Security? | Companies comparable to Safe Security include Sentinel Holdings, Smart Eye Technology, XQ Message, Prelude, Keystrike and Ionburst. |
| How many companies has Safe Security acquired? | Safe Security has acquired 2 companies, including Balbix and RiskLens. |
See companies similar to Safe Security
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