Safe Security secures $70M in Series C funding to Build CyberAGI

Safe Security, formerly Lucideus, secured $70M in Series C funding led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, and John Chambers. Founded in 2012 by Saket Modi, Viditkumar Baxi, and Rahul Tyagi, the company will use the capital to advance its CyberAGI vision, expanding engineering, R&D, and global operations. Safe Security specializes in AI-driven cyber risk management, offering CRQ, TPRM, and CTEM solutions to help enterprises proactively reduce cybersecurity risks.