Safe Security, which features an AI-based cyber risk management cloud platform, has rolled out what it’s touting is the industry's first Cyber Risk Cloud of Clouds with SafeGBT for predicting and preventing cyber breaches.
Rather than reacting to threat activity, Safe’s software-as-a-service (SaaS) platform offers organizations an aggregate view of enterprise security risk by bring together various cyber data, including Crowdstrike, Wiz, AWS, Azure, Google Cloud Provider, Qualys, Tanium, Rapid7, ServiceNow, and others in a single view.
This provides organizations with visibility across their entire attack surface ecosystem, including technology, people, and third parties, Safe said.
Safe Partners with MIT
Safe’s predictive AI data model is co-developed with the Massachusetts Institute of Technology (MIT). The platform generates breach likelihood for different risk scenarios like ransomware.
For example, it can accurately answer questions such as:
- How likely are you to be hit by a ransomware attack in the next 12 months?
- What is your likelihood of being hit by the latest malware like "Snake" malware?
- What is your dollar impact for that attack?
- What prioritized actions can you proactively take to reduce the ransomware breach likelihood and reduce dollar risk?
The CISO is facing an unprecedented level of pressure and the role has evolved into a major business decision maker. As Saket Modi, Safe chief executive and co-founder, explained:
“With Safe, CISOs can gain a new level of visibility with higher confidence, through real-time access into their cybersecurity posture, to make the most impactful strategy to decrease cyber risk. The new release of SafeGPT, a generative AI interface, powered by LLM models is a game-changer. It helps CISOs get the right answers a hundred times faster."
Safe Lands $50 Million
In April, Safe closed $50 million Series B round led by Sorenson Capital, with participation from Eight Roads, venture capital arm of Fidelity Investments, Telstra Ventures, WTI, and all existing investors. This round brings the company's total funding to over $100 million.
Modi said Safe had experienced major growth in the last three years:
"Tailwinds from regulators, cyber insurance, and boards to understand and quantify cyber risk in an aggregated and granular manner are propelling Safe into this exponential growth phase. Despite economic headwinds, Safe has been growing over 200% for three consecutive years."