Safe

Overview

Safe Security, founded in 2012 by Saket Modi, Viditkumar Baxi, and Rahul Tyagi, is a cybersecurity company based in Palo Alto, California. It specializes in cyber risk quantification and management solutions, providing organizations with tools to assess and manage their cybersecurity posture effectively. Over the years, Safe Security has raised approximately $100 million in funding from investors such as Sorenson Capital, British Telecom, and Aioi Nissay Dowa Europe. As of recent evaluations, the company is valued at around $7.61 million.

Recent Developments

  • April 2025: Safe Security was recognized as a leader in third-party risk management by Liminal, highlighting its capabilities in cybersecurity.
  • March 2025: The company partnered with Claroty to enhance its cyber risk management offerings for OT, IT, and IoT environments, a strategic move to bolster its integrated cybersecurity services.
  • December 2024: In collaboration with Booz Allen Hamilton, Safe Security launched an Integrated Risk Management-as-a-Service (IRMaaS), offering comprehensive risk management solutions.
  • July 2023: Safe Security acquired RiskLens, a merger aimed at expanding its cybersecurity and risk management capabilities.

Company Information

AttributeInformation
Founding Date2012
HeadquartersPalo Alto, California, USA
FoundersSaket Modi, Viditkumar Baxi, Rahul Tyagi
RevenueNot publicly disclosed
ProfitsNot publicly disclosed
Key InvestorsSorenson Capital, British Telecom, Aioi Nissay Dowa Europe
IndustryCybersecurity
Number of EmployeesNot publicly disclosed

Early History

Safe Security was established in 2012 by Saket Modi, Viditkumar Baxi, and Rahul Tyagi. The company quickly made a name for itself in the cybersecurity industry by addressing the complex challenge of quantifying and managing cyber risk. Initially, Safe Security focused on developing solutions that could integrate into existing IT infrastructures to provide comprehensive risk assessment and management tools. Its early adoption by enterprise clients set the stage for substantial growth and the expansion of its service offerings.

Company Profile and Achievements

Safe Security's business model revolves around providing cutting-edge cyber risk quantification and management (CRQ+M) solutions. These solutions enable organizations to shift from a reactive to a proactive cybersecurity stance, by quantifying risk into understandable metrics that guide security investments and strategies.

  • Milestones:
    • 2016: Expanded its platform to address growing market needs for integrated risk management.
    • 2018: Launched advanced analytics capabilities, increasing its platform’s predictive accuracy regarding potential cyber threats.
    • 2020: Raised significant capital to fuel further technological development and market penetration.
    • 2023: Acquired RiskLens to enhance its technology suite, focusing on quantitative risk analysis.

Current Operations and Market Position

Safe Security is at the forefront of cybersecurity risk management. It effectively merges technology with analytics to offer a comprehensive solution for organizations keen on understanding their cyber environment and managing risks effectively. The company's strategic partnerships and acquisitions have strengthened its market position. Its platform is recognized for its accuracy and user-friendliness, providing a competitive edge over traditional methods.

Conclusion

Safe Security holds a significant position in the cybersecurity industry, renowned for its innovative approach to risk quantification and management. As organizations and industries continue to face complex challenges in cyber risk, Safe Security is poised to expand its influence and capabilities. With ongoing partnerships and technological innovations, the company is set to play a pivotal role in shaping the future of cybersecurity.

References

  1. Safe.com
  2. Tracxn
  3. GlobeNewswire
  4. PitchBook