Safe raises $70 million

Cyber risk management company Safe Security announced a $70 million Series C funding round led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, Eight Roads, John Chambers, Sorenson Capital among, and others.

The California-based company offers multiple solutions to quantify and manage cyber risks. One offering is a cyber risk quantification and underwriting platform that assesses cyber risk in “real-time.”

Last year, Safe introduced Incyde Risk, a cyber facility led by Mosaic 1609 and supported by other participating Lloyd’s syndicates that offers up to $25 million in capacity on a primary and first-excess basis.

“Our investment philosophy is rooted in deep conviction around transformative market shifts—and few are as compelling as the opportunity in cybersecurity, especially in the age of AI,” said Nishant Rao, Founding Partner at Avataar Ventures. “Most cybersecurity sub-sectors we’ve evaluated are either overcrowded or limited to tactical, widget-like solutions. But cybersecurity today is a boardroom and CEO-level priority, and that’s not changing anytime soon.