Cybersecurity company SAFE, known for its AI-powered risk management platform, has raised $70m in a 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.
Founded in 2020, SAFE helps organisations manage cyber risk using Agentic AI. Its platform delivers cyber risk quantification (CRQ), autonomous third-party risk management (TPRM), and now, a new continuous threat exposure management (CTEM) solution.
SAFE’s new CTEM launch marks what it claims is the world’s first fully autonomous tool of its kind.
SAFE CEO and co-founder Saket Modi said, “This is a defining moment in our pursuit of CyberAGI. 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.”
SAFE’s client roster includes Google, Fidelity, T-Mobile, Chevron and IHG. It has now raised over $170m in total.
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