Dell-backed Israeli AI security startup Mave raises $34m
The funding includes a US$28 million series A led by Red Dot Capital Partners, with participation from Lumir Growth Partners.
Israeli security operations startup Mave Security Ltd. has secured $34 million in funding to develop an agentic platform that consolidates an enterprise's existing security tools into a single system. The software streamlines threat handling by reaching into each tool where it resides, eliminating the need for data ingestion into a central database.
Analysts often bypass the SIEM (Security Information and Event Management) system, as crucial context for incident response frequently doesn't reach it. Mave's platform allows a skilled analyst to investigate most incidents within minutes by querying each security system in its native language and reconciling the results. The company's goal is to make AI a responsible and accountable part of enterprise security.
Mave's platform is already in use by Fortune 50 companies and global managed security service providers, helping to protect hundreds of clients. The funding round, led by Red Dot Capital Partners, combines two rounds: a $28 million Series A led by Red Dot Capital Partners and a $6 million seed round co-led by Dell Technologies Capital and Emerge Ventures.
The funds will be allocated to enterprise product development, expanding the company's global presence, and hiring more staff focused on go-to-market and AI research.
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