Safe Security, a Palo Alto-based cybersecurity startup formerly known as Lucideus, has raised $70 million in its Series C funding round, led by Avataar Ventures. The round saw participation from both existing and new investors, including Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, Eight Roads, Sorenson Capital, and former Cisco CEO John Chambers. The company plans to use the fresh capital to accelerate its vision of CyberAGI (Cyber Artificial General Intelligence), with a focus on expanding its engineering, R&D, and go-tomarket operations globally. Founded in 2012 at IIT-Bombay by Saket Modi, Viditkumar Baxi, and Rahul Tyagi, Safe Security started as a bootstrapped venture before eventually moving its headquarters to Palo Alto, while also maintaining offices in New York, London, Bengaluru, and New Delhi.
Safe specializes in AI-driven cyber risk management, offering solutions in Cyber Risk Quantification (CRQ), Third-Party Risk Management (TPRM), and Continuous Threat Exposure Management (CTEM) helping enterprises proactively assess and reduce cybersecurity risks.
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