Bengaluru: Cybersecurity startup Safe secured $70 million in funding, led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital and existing backers such as Eight Roads, John Chambers, and Sorenson Capital. It counts Google, Fidelity, T-Mobile, Chevron, and IHG among its customers. With this round, the firm incubated at IIM Bombay raised $170 million so far. “We aim to build what we call CyberAGI, inspired by OpenAI’s artificial general intelligence—a system capable of autonomous, human-like intelligence. Our vision is to create a cybersecurity AGI that can proactively detect and mitigate cyberattacks. This system will interact with multiple layers of a business and its security infrastructure to continuously learn, adapt, and respond intelligently,” said Saket Modi, cofounder and CEO of Safe. Safe pivoted from services to products and essentially shut down the services business. Its current focus is on building systems of intelligence for decision-making and cybersecurity. It also unveiled an upgrade to its cyber risk singularity platform: the world’s first fully autonomous continuous threat exposure management (CTEM) solution, powered by Agentic…
