Security startups tied to four hot sectors — autonomous hacking, non-human identity, privacy-first mobile and runtime app protection — raised a combined $360 million. A clear indicator that investors are hungry to invest in companies pioneering security models built for AI-era risk.
XBOW raised $120 million in Series C at a valuation above $1 billion, betting enterprises will buy continuous AI-driven offensive testing as software release cycles speed up. Oasis Security raised $120 million in Series B, arguing that machine and agent identities now require a new access control layer.
Cape added $100 million in Series C to expand its privacy-focused mobile carrier model, while Raven raised a $20 million seed round to push runtime application protection that it says can stop exploits even without CVEs or signatures.
The through line is investors are backing startups that claim traditional controls were built for an earlier era, before AI-generated code, agent sprawl and always-on digital infrastructure.
