On Tuesday, Fig Security announced its emergence from stealth mode, having secured a substantial $38 million through a combination of seed and Series A funding. This significant financial backing was spearheaded by Team8 and Ten Eleven Ventures, with contributions from notable angel investors, including former executives from Splunk and Palo Alto Networks.
Strategic Funding for Growth
The newly acquired funds are earmarked to enhance Fig Security’s product development, expand its team, and boost its market presence, particularly across North America. Launched in March 2025 by Gal Shafir, Nir Loya Dahan, and Roy Haimof, Fig Security’s founders bring a wealth of experience from Israeli intelligence and leading tech firms such as Siemplify and Google Cloud Security.
Addressing SecOps Challenges
Fig Security aims to resolve issues faced by SecOps teams as they navigate the growing intricacies of modern environments. The platform is designed to seamlessly integrate with a variety of technology stacks, ensuring consistent security measures regardless of any changes or updates to underlying tools. With this capability, Fig Security seeks to address potential lapses in detection and response processes that may arise from environmental shifts.
The platform autonomously maps detection and response pathways, tracking data from its origin through various processing layers, including SIEMs, data lakes, and SOAR systems. Fig Security’s innovative approach allows it to alert teams to potential disruptions, offering root-cause analysis and impact assessment, alongside simulation tools to safely test solutions before they are implemented.
Enhancing Security Confidence
Gal Shafir, CEO and co-founder of Fig Security, highlighted the critical need for their platform by stating, “The most dangerous failures in security are the ones you do not know about.” Shafir emphasized that the platform aims to restore confidence in security teams, enabling them to modernize their Security Operations Centers (SOCs) and adopt AI technologies without inadvertently introducing blind spots.
Currently, Fig Security operates offices in New York and Tel Aviv and plans to significantly increase its workforce by the year’s end. The company asserts that its platform has already been embraced by Fortune 100 companies, underscoring its potential impact on the industry.
Related developments in the cybersecurity sector include Gambit Security’s $61 million funding for emerging from stealth and Venice Security securing $33 million for privileged access management.
