Insurer-backed Sweet Security raises $75 million
Sweet Security has raised $75 million in Series B funding, bringing total funding to $120 million. The round was led by Evolution Equity Partners with participation from Munich Re Ventures , Glilot Capital Partners, and Key1 Capital.
Founded in 2023, Sweet Security builds tools that help companies protect their cloud systems and AI models in real time. According to LinkedIn, it has 86 employees, reflecting 23% growth over six months, 69% over one year, and 291% over two years.
Alongside the funding, Sweet introduced an AI Security Platform to map models and agents, detect adversarial activity, flag abnormal behavior, and identify misconfigurations or excessive permissions. The company says the goal is to give enterprises visibility and control across the full AI lifecycle, from development through production.
“Sweet Security stands out in one of the most competitive segments of cybersecurity. The company’s ability to combine real-time cloud protection with AI-powered intelligence is unlike anything else in the market – redefining how enterprises secure the modern cloud and go about securing their AI environments.” – Richard Seewald, Founder and Managing Partner at Evolution Equity Partners.
The company, based in Tel Aviv, says the capital will support global expansion and new product development as demand grows for real-time protection across cloud and AI environments.
