Connect with us

Hi, what are you looking for?



Investors Bet Big on Safe Security for Cyber Risk Management

Safe Security, a startup building technology to help organizations manage cyber risk, has secured a $50 million Series B funding round.

Safe Security, a startup building AI-based technology to help organizations manage cyber risk, has secured $50 million in new venture capital financing.

The company said the Series B funding round was led by Sorenson Capital.  Safe Security also took in equity investments from Eight Roads, Fidelity Investments and Telstra Ventures 

Safe Security, an early stage startup incubated in Bombay, India with headquarters in Silicon Valley, has raised just over $100 million to work on technology to help businesses manage and mitigate and communicate cyber risk at scale.

Built on a supervised machine learning engine, the company’s platform uses a scoring algorithm to measure a company’s security posture, removing the need to manually manage multiple spreadsheets to aggregate results. 

Safe Security and its investors are betting that new demands from regulators and cyber insurance will push enterprises large and small to invest in tools to automate and measure exposure to risk. 

“We are seeing companies across all industries requiring a new approach to quantifying cyber risk in a way that can be communicated across internal stakeholders, boards, government regulations, cyber insurance underwriters, and across the third-party vendor ecosystem,” said Saket Modi, co-founder and chief executive at Safe Security.

He said Safe Security’s product provides an aggregated view of enterprise cyber risk and tools for cybersecurity teams to gain visibility across their entire attack surface, technology, people, and third parties.  

Advertisement. Scroll to continue reading.

Related: Law Enforcement, Cyber Insurance Renewals Helping Anti-Ransomware Success

Related: Cyber Insurance Firm Coalition Raises $250 Million at $5B Valuation

Related: Cyber Risk Management Firm Safe Security Raises $33 Million

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.


Thirty-five cybersecurity-related M&A deals were announced in February 2023


Forty cybersecurity-related M&A deals were announced in January 2023.


Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.


More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...


Forty-one cybersecurity-related M&A deals were announced in March 2023.