SAFE, a recognized leader in Cyber Risk Quantification (CRQ) and the pioneer behind fully autonomous Third-Party Risk Management (TPRM), has announced the successful close of a $70 million Series C funding round. The round was led by Avataar Ventures, with additional backing from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, and existing investors including Eight Roads, John Chambers, and Sorenson Capital.
The newly raised capital is set to accelerate SAFE’s market leadership in cyber risk management. It will also fuel the continued development of its Agentic AI-native reasoning models an innovation designed to bring the company closer to realizing its ambitious vision of CyberAGI (Cyber Artificial General Intelligence).
Coinciding with the funding announcement, SAFE has also introduced a major leap forward in its platform capabilities: the launch of the world’s first fully autonomous Continuous Threat Exposure Management (CTEM) solution. This new offering enhances its flagship Cyber Risk Singularity platform and is driven by Agentic AI.
While traditional CTEM solutions often rely on opaque scoring models and static data aggregation, SAFE delivers a breakthrough alternative. The platform offers transparency, actionable intelligence, and deep contextual insights qualities that mirror the company’s earlier impact on the CRQ landscape. Now, leveraging a swarm of autonomous AI agents, SAFE is redefining CTEM with the same level of precision and strategic insight.
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“This is a defining moment in our pursuit of CyberAGI,” said Saket Modi, Co-Founder and CEO of SAFE. “When we launched our platform in 2020, we carefully selected a market that would be the foundation of cyber risk management – Cyber Risk Quantification (CRQ). Not only did we shape the category, we’ve become its undisputed leader.
In 2023, we brought the same disruptive mindset to Third-Party Risk Management (TPRM) with Agentic AI, and today we’re fast emerging as the clear frontrunner.
Now, we’re applying that same Agentic AI-first approach to our next frontier: Continuous Threat Exposure Management (CTEM). Each of these domains are critical building blocks in our singular pursuit: achieving CyberAGI.”
Further validating its market leadership, SAFE was recently named a leader in Forrester’s Cyber Risk Quantification Solutions Wave for Q2 2025. Since launching its TPRM module in 2024, more than half of SAFE’s customers have integrated it into their cybersecurity strategies. With the latest addition of CTEM, SAFE’s Cyber Risk Singularity platform now offers security and risk leaders a unified approach to addressing both operational and strategic risks across internal ecosystems and third-party environments.
“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.
What makes SAFE stand out is its positioning – not as another detection tool, but as a strategic intelligence layer across the entire cybersecurity stack. Combine that with a stellar execution track record and consistent 120%+ YoY growth since their launch in 2020, partnering with Saket and his team was an easy decision.”
