Cyber startup Mave steps out of the shadows with $34 million fundraising
The company has developed an AI platform that analyzes security incidents in real time, and is already signing massive deals with Fortune 50 companies while planning to double its workforce.
Israeli cyber startup Mave has emerged from obscurity after securing $34 million in funding within a year of its founding. The company plans to double its workforce as part of its expansion strategy.
The fundraising round includes a $28 million Series A investment led by Israeli venture capital fund Red Dot Capital Partners, with participation from Israeli-Australian venture capital fund Lumir Growth Partners, seed round investors Dell Technologies Capital and Emerge Ventures.
Mave's platform allows direct interaction with existing security tools within an organization, without transferring data or creating an additional database. It analyzes each tool individually, extracts relevant information about cyber incidents in real-time, and connects the findings to provide a comprehensive picture of the incident.
The founders, Raziel Oren and Guy Eshel, are both alumni of Unit 8200, Israel's intelligence corps. Oren previously served as CEO of Wing Security, while Eshel was a co-founder and first employee of Alterya, which was acquired by Chainalysis in 2025.
Mave's AI-powered platform is designed to address the challenges faced by chief information security officers who must manage multiple security tools. According to a survey, organizations spend an average of 0.69% of their annual revenues on cyber solutions, highlighting the market demand for a solution like Mave's.
The company's AI models can investigate 100% of alerts within minutes, filter false positives, identify malicious activity, and recommend appropriate responses. Every action taken is documented, providing transparency and traceability for security teams.
Following the successful fundraising, Mave reports a 400% increase in annual recurring revenue. The company currently employs over 30 people, with plans to double the team. CEO Raziel Oren emphasizes that Mave's goal is to provide peace of mind to security managers by offering full control over their data and rapid protection without excessive budget expenditures.
Written by urgent.news from Jerusalem Post Tech & Start-Ups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
