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§ Private Profile · Palo Alto, CA, USA
Safe Security is a technology company.
Safe Security provides an Autonomous Cyber Risk Management platform, SAFE, designed to unify and quantify cyber risks across an enterprise. The platform leverages an API-first, ML-enabled SaaS architecture to deliver continuous visibility and control over strategic (Cyber Risk Quantification), exposure (Continuous Threat Exposure Management), and third-party risk management. By employing autonomous agents, Safe Security aims to offer a holistic and real-time understanding of an organization's cyber risk posture.
The company was founded in 2012 by Saket Modi, Rahul Tyagi, and Vidit Baxi. CEO Saket Modi, a computer science engineer, established the venture during his final year of engineering studies, with the company initially incubated at IIT Bombay. The founders identified a critical need for objective, quantifiable cyber risk insights, moving beyond subjective assessments prevalent in the industry.
Safe Security’s platform serves various enterprises, enabling CISOs, TPRM, and GRC leaders to transition into strategic business partners. The company's vision is to redefine cyber risk management by offering a robust decision engine that empowers organizations to understand, prioritize, and mitigate cyber threats effectively, ultimately championing a safer digital future for businesses globally.
Safe Security has raised $162.0M across 5 funding rounds.
Key people at Safe Security.
Safe Security was founded in 2012 by Rahul Tyagi (Co-Founder) and Vidit Baxi (Co-Founder and CISO).
Safe Security has raised $162.0M in total across 5 funding rounds.
Safe Security is a leading technology company specializing in Cyber Risk Quantification (CRQ), offering an AI-native platform that autonomously identifies, quantifies, prioritizes, and mitigates cyber risks across enterprises, third parties, and AI systems.[1][2][6] It serves CISOs, GRC, and TPRM leaders in tech and other sectors by solving the challenge of translating complex cybersecurity data into dollar-based business risks, enabling prioritized decision-making, ROI analysis, and cyber insurance optimization without slowing business growth.[1][2][4] The platform powers these outcomes through agentic AI with 25+ specialized agents for 24/7 automation, including fully autonomous Third-Party Risk Management (TPRM) and Continuous Threat Exposure Management (CTEM).[1][2]
Growth has been explosive: rebranded from Lucideus in 2021, SAFE raised $33M Series A, followed by $50M Series B in 2023 and $70M Series C in 2025 to fuel CyberAGI development; key milestones include acquiring RiskLens (2023) and Balbix (2025), launching SAFE X generative AI, and topping Forrester's CRQ Wave Q2 2025 while leading TPRM per Liminal.[1]
Founded as Lucideus, Safe Security rebranded to SAFE in 2021, marking its pivot to pioneering Cybersecurity and Digital Business Risk Quantification (CRQ) with a platform that aggregates signals from people, processes, technology, products, and third parties to deliver real-time SAFE Scores (0-5) and financial risk values via supervised machine learning and Bayesian analysis.[1][3] The idea emerged from founders' vision to make cyber risk measurable in business terms, pulling read-only API data to map MITRE ATT&CK frameworks, compute attack paths, and run Monte Carlo simulations for precise loss projections.[7]
Early traction built through integrations (50+ by 2022) and awards like CISO’s Choice in Risk Management, accelerating with $33M Series A led by British Telecom and John Chambers in 2021.[1] Pivotal moments include 2023's RiskLens acquisition and SAFE X launch with $50M Series B from Sorenson Capital, Eight Roads, Telstra Ventures, and WTI, cementing leadership in the $4B CRQ market; 2025's Balbix acquisition and $70M Series C supercharged its agentic AI for unified risk management.[1]
Safe Security rides the agentic AI and Cyber Risk Singularity trend, converging data, automated models, and AI to automate cybersecurity amid exploding attack surfaces from vendors, AI systems, and digital expansion.[1][2][6] Timing is ideal in a $4B+ CRQ market strained by talent shortages and regulatory pressures (e.g., TPRM mandates), where traditional tools fail to quantify risks in business terms—SAFE's autonomous agents address this by slashing headcount needs and enabling resilience for digital growth.[1][3]
It influences the ecosystem by redefining CISOs as business enablers, lowering insurance premiums via precise exposure data, and setting standards via Forrester leadership and acquisitions that consolidate fragmented tools into unified platforms.[1][2][4] Market forces like rising breaches and AI-driven threats favor its always-on visibility, helping tech firms balance speed with security.
Safe Security is poised to dominate autonomous cyber risk management as Agentic AI scales, with CyberAGI and post-Balbix unification driving platform expansion into emerging risks like AI vulnerabilities.[1][6] Trends such as generative AI proliferation, stricter TPRM regs, and cyber insurance evolution will amplify demand for its dollar-driven, self-driving capabilities, potentially capturing more of the $4B+ market through further acquisitions and integrations.[1]
Its influence may evolve from CRQ pioneer to ecosystem orchestrator, empowering CISOs globally while sustaining momentum via consistent funding and awards—watch for deeper AI agent marketplaces or partnerships accelerating enterprise adoption.[1][2] This positions SAFE as indispensable for tech resilience in an AI-everywhere world, building on its transformative origin to quantify and conquer cyber risks at scale.
Safe Security has raised $162.0M across 5 funding rounds. Most recently, it raised $70.0M Series C in July 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 31, 2025 | $70M Series C | Nishant RAO | John Chambers, Eight Roads Ventures, NextEquity Partners, Prosperity7 Ventures, SIG Venture Capital, Sorenson Capital | Announced |
| Apr 18, 2023 | $50M Series B | Burke Davis | Eight Roads Ventures, Marcus Bartram, Western Technology Investment | Announced |
| Jul 21, 2021 | $33M Venture Round | Philip Jansen | John Chambers | Announced |
| Dec 1, 2019 | $7M Series A | — | 83North, Dell Technologies Capital, MS&AD Ventures, Glenn Solomon, Verizon Ventures, Walden International | Announced |
| May 1, 2017 | $2M Seed | — | AngelList, Peak XV Partners (formerly Sequoia Capital India & SEA) | Announced |
Key people at Safe Security.
Safe Security was founded in 2012 by Rahul Tyagi (Co-Founder) and Vidit Baxi (Co-Founder and CISO).
Safe Security has raised $162.0M in total across 5 funding rounds.
Safe Security's investors include Nishant Rao, John Chambers, Eight Roads Ventures, NextEquity Partners, Prosperity7 Ventures, SIG Venture Capital, Sorenson Capital, Burke Davis, Marcus Bartram, Western Technology Investment, Philip Jansen, 83North.