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- Sweet Security
Sweet Security Funding, Investors & Competitors
Sweet Security has raised $120M across 3 funding rounds, most recently a $75M Series B in November 2025.
Last Sweet Security funding round
$75M
Series B · Nov 2025
Cumulative funding Sweet Security raised
$120M
across 3 funding rounds
Key investors in Sweet Security
Glilot Capital Partners
Munich Re Ventures
Evolution Equity Partners
Gerhard Eschelbeck
Key 1 Capital
CyberArk Software
Travis McPeak
About Sweet Security
Sweet Security is a Tel Aviv-based cybersecurity company, founded in 2022 by Dror Kashti, Eyal Fisher, and Orel Ben Ishay, that provides a runtime Cloud Native Application Protection Platform (CNAPP) and AI security solutions. Its platform delivers real-time protection for cloud workloads, AI systems, models, and agents, using behavioral analytics, identity threat detection, and API protection to detect and block attacks rather than relying on static scans. The company serves Fortune 1000 enterprises globally, with teams in the US and Europe, and has expanded into AI security to address risks such as prompt injection and rogue AI behavior.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Sweet Security Funding History
Sweet Security has raised a total of $120M across 3 funding rounds.
Sweet Security's first fundraising round was a $12M seed round in August 2023. The most recent completed round was a $75M Series B in November 2025.
Sweet Security funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2025 | Series B | Evolution Equity Partners (lead); Key 1 Capital; Munich Re Ventures; Glilot Capital Partners | $75M | Sweet Security, a Tel Aviv-based cybersecurity company founded in 2022 by Dror Kashti, Eyal Fisher, and Orel Ben Ishay, provides runtime Cloud Native Application Protection Platform (CNAPP) and AI security solutions. The platform offers real-time protection for cloud workloads, AI systems, models, and agents, detecting and blocking attacks with behavioral analytics, identity threat detection, and API protection, distinguishing it from static scan-based tools. It serves Fortune 1000 enterprises globally, with teams in the U.S. and Europe, and recently expanded into AI security to address risks like prompt injection and rogue AI behavior. On November 12, 2025, Sweet Security raised $75 million in a Series B funding round led by Evolution Equity Partners, with participation from Munich Re Ventures, Glilot Capital Partners, and Key1 Capital, bringing total funding to $120 million (prior $33 million seed in March 2024, though one source notes $125 million total). The funds will support global expansion, product innovation, and meeting enterprise demand for runtime protection across cloud and AI environments. Alongside the announcement, the company unveiled new AI security capabilities for the full AI lifecycle. Sources highlight strong traction, including 6x ARR growth and 10x enterprise customer expansion, positioning Sweet Security for dominance in runtime CNAPP and AI security amid surging demand. Investors praised its unique real-time cloud and AI protection, redefining enterprise security. No specific post-money valuation, exact revenue/ARR numbers, EBITDA, or valuation multiples were disclosed in the press releases or coverage. |
| Mar 2024 | Series A | Evolution Equity Partners (lead); Munich Re Ventures; Glilot Capital Partners | $33M | Sweet Security is a Tel Aviv-based cloud security startup founded in January 2023 by former IDF officers Dror Kashti, Eyal Fisher, and Orel Ben-Ishay. The company provides a comprehensive runtime security suite for cloud environments, leveraging patent-pending eBPF-based technology for deep runtime analysis to detect anomalies across applications, networks, and non-human identities. Launched in August 2023, the platform offers real-time insights, runtime posture enhancement, and non-human identity management, helping security teams address cloud risks without noisy alerts from passive scans. On March 6, 2024, Sweet Security raised $33 million in a Series A funding round led by Evolution Equity Partners, with participation from Munich Re Ventures and Glilot Capital Partners. This brought total funding to $45 million, following a $12 million seed round in August 2023 backed by CyberArk Ventures and angels. The investors praised the company's innovative behavior-based security unifying risk reduction across cloud use cases. The funding will support scaling U.S. operations, expanding the platform, and enhancing capabilities like runtime posture and non-human identity management. Sweet Security emerged from stealth six months prior and has gained traction with customers like PennyMac, where its runtime insights improved vulnerability management and cloud workload security. The startup operates in the growing cloud security market, differentiating through sensor-based, Layer 7 technology for precise, actionable recommendations on critical risks. |
| Aug 2023 | Seed | Glilot Capital Partners (lead); Gerhard Eschelbeck; CyberArk Software; Travis McPeak | $12M | - |
Who has invested in Sweet Security?
7 investors have backed Sweet Security across its funding rounds, including Glilot Capital Partners, Munich Re Ventures, Evolution Equity Partners, Gerhard Eschelbeck, Key 1 Capital and CyberArk Software.
Lead investors include Evolution Equity Partners and Glilot Capital Partners.
Sweet Security Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Aug 2023 | ||
| 2 | Lead | Mar 2024 | ||
| 2 | Participant | Mar 2024 | ||
| 1 | Participant | Aug 2023 | ||
| 1 | Participant | Aug 2023 | ||
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Start Free TrialSweet Security Competitors
Sweet Security competitors include listed companies like Palo Alto Networks, CrowdStrike, IBM and Fortinet, and private ones like Safe Superintelligence and Cyera.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $11B | $1B | $307B | 25.9x | ||
| Publicly listed | $4.8B | ($12M) | $252B | 44.5x | ||
| Publicly listed | $68B | $17B | $224B | 4.0x | ||
| Publicly listed | $6.8B | $2.3B | $127B | 15.9x | ||
| Private | - | - | $32B | - | ||
| Private | $150M | - | $12B | 80.0x |
Sweet Security Public Comps
Sweet Security is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Cloudflare, Okta, Zscaler, F5, Rubrik and Gen Digital.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $11B | $1B | 26.7x | 25.9x | 301.1x | 76.9x | |||
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $68B | $17B | 4.2x | 4.0x | 16.9x | 14.6x | |||
| $6.8B | $2.3B | 18.1x | 15.9x | 53.7x | 41.9x | |||
| $2.2B | ($25M) | 54.6x | 44.3x | (4653.4x) | 185.1x | |||
| $2.9B | $245M | 10.6x | 10.0x | 126.4x | 36.4x | |||
| $3.4B | $42M | 9.1x | 8.9x | 721.8x | 32.5x | |||
| $3.1B | $901M | 7.5x | 6.9x | 25.8x | 18.3x | |||
This data is available for Pro users. Sign up to see all Sweet Security competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sweet Security
| When was Sweet Security founded? | Sweet Security was founded in 2023. |
| Where is Sweet Security headquartered? | Sweet Security is headquartered in Israel. |
| Is Sweet Security publicly listed? | No, Sweet Security is a private, VC-backed company. |
| How much funding has Sweet Security raised? | Sweet Security has raised $120M across 3 funding rounds. |
| What was Sweet Security's last funding round? | Sweet Security's last funding round was a $75M Series B in November 2025, led by Evolution Equity Partners. |
| Who are Sweet Security's investors? | Sweet Security's investors include Glilot Capital Partners, Evolution Equity Partners, Munich Re Ventures, Gerhard Eschelbeck, CyberArk Software, Key 1 Capital and Travis McPeak. |
| Which companies are comparable to Sweet Security? | Companies comparable to Sweet Security include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Safe Superintelligence and Cyera. |
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