Cybersecurity startup Safe Security raises $70 million from Avataar Ventures, others

Cybersecurity intelligence startup Safe Security has raised $70 million in a funding round led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners and Prosperity7 Ventures.

Existing investors, including Eight Roads, John Chambers, and Sorenson Capital, also participated in the round.

The Palo Alto-based company said the fresh capital will be used to invest in research and development initiatives, strengthen its presence in the cyber-risk management space, and develop agentic AI-based reasoning models as…