CyberFOX lands major growth financing to accelerate platform expansion

February 3, 2026

CyberFOX, a cybersecurity software provider focused on managed service providers and public sector organisations, has announced a nine-figure growth investment to accelerate the expansion of its next generation cybersecurity platform.

The investment was led by software specialist Level Equity, with participation from Radian Capital and continued backing from CyberFOX’s founders, Dave Bellini and Adam Slutskin. This marks the first time the company has raised external capital and follows a period of rapid growth for the business.

CyberFOX said it will use the funding to accelerate product development, advance AI initiatives, expand internationally and pursue strategic acquisitions aimed at broadening its product offering.

The company currently serves more than 4,000 customers and has scaled annual recurring revenue by more than 20x since its formation, supported by the acquisitions of AutoElevate and Password Boss.

The company specialises in privileged access management, password management and DNS filtering, with a platform designed to help customers secure critical assets and data. CyberFOX’s approach focuses on limiting users to only the administrative access they require, strengthening security posture and reducing cyber risk for MSPs and IT teams.

CyberFOX CEO David Bellini said, “MSPs and smaller organizations have historically been underserved by large cybersecurity vendors, and we have purpose-built CyberFOX since inception to address that issue. 2025 was a record year for our company for new customer acquisition, and we have a number of exciting announcements on the new product front to share soon.

“Level and Radian demonstrated a thorough understanding of our industry and solution set, and are excited to help us create the first truly comprehensive platform in our market segment to assist our customers with all their security needs.”

Level CEO and co-founder Ben Levin said, “Dave and Adam have an impeccable pedigree serving both MSPs and non-MSP customers, given their previous experience building companies such as ConnectWise and Liongard, and we’re honored that they chose us to partner with them for the next leg of CyberFOX’s journey.

“With no external capital raised to date, they have become the clear leader in privileged access management, with industry-leading NPS scores and exceptional ARR growth validating this thesis. The entire CyberFOX team has been a pleasure to work with and we have immense conviction that this will be a category-defining software company.”