Cyber startup Bay raises $37m., with backing from Assaf Rappaport
The company, which was founded less than a year ago by 8200 alumni, has developed a platform that monitors corporate AI agent activity in real time.
Cybersecurity startup Bay has raised $37 million in a Series A funding round, with total investment now standing at $50 million since its inception nine months ago. The venture was spearheaded by Battery Ventures, a veteran tech venture capital fund, and included participation from Micron Ventures, the investment arm of chipmaker Micron.
The round builds on a $13 million seed investment led by YL Ventures and Striker, with notable investors including Assaf Rappaport, CEO of Wiz, Jeetu Patel, Cisco's chief product officer, and Dr. Manoj Apte, former chief strategy officer at Zscaler. The funds will be used to expand Bay's workforce, currently 35 employees, with a focus on bolstering product, engineering, sales, marketing, and customer teams in the US and Europe.
Bay's platform acts as a security supervisor for AI agents, scrutinizing their actions in real-time and making decisions in milliseconds: allowing the action, blocking it, or forwarding it for human approval. This process ensures adherence to the organization's security policy, all while permitting the agent to continue working seamlessly if the action is approved.
Bay's platform is already being used by numerous organizations across finance, insurance, technology, industry, and media, including tech giants Wix, ClickUp, Micron, and Peloton. The company's leadership team, including co-founder and CEO Yuval Zacharia, a former intelligence officer, and his fellow co-founders Aner Morag and Boris Danilovich, brings extensive experience in both intelligence and cyber-security from their previous roles.
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.
