Safe Security, originally founded as Lucideus in 2012, is a cybersecurity and digital business risk quantification company based in Palo Alto, California. The company was co-founded by Saket Modi, Vidit Baxi, and Rahul Tyagi. Safe Security provides an AI-driven platform designed to quantify and manage cyber risk in real-time. Over the years, Safe Security has successfully raised over $100 million in funding from key investors such as Sorenson Capital, Eight Roads, and Telstra Ventures, and is recognized for securing digital infrastructures across a wide array of global enterprises.
| Attribute | Information |
|---|---|
| Founding Date | 2012 |
| Headquarters | Palo Alto, California |
| Founders | Saket Modi, Vidit Baxi, Rahul Tyagi |
| Revenue | Estimated $5-25 million |
| Profits | Not publicly disclosed |
| Key Investors | Sorenson Capital, Eight Roads, Telstra Ventures |
| Industry | Cybersecurity |
| Number of Employees | Approximately 289 |
Safe Security, originally known as Lucideus, was incubated at IIT Bombay and launched in 2012 by Saket Modi, Vidit Baxi, and Rahul Tyagi. With initial funding from their savings, the company built its foundation on providing cybersecurity solutions. A significant milestone was achieved in 2013 when Lucideus opened its first office in New Delhi. The company's real breakthrough came with its SAFE platform, a machine learning-enabled cyber risk assessment tool co-developed with MIT. The platform quickly attracted prominent clients across various sectors and set the stage for international expansion. In 2019, the company rebranded to Safe Security and relocated its headquarters to Palo Alto, aligning with its global growth ambitions.
Safe Security has pioneered the Cyber Risk Quantification (CRQ) space with its SAFE platform, which evaluates cyber risk vectors, including human, technological, and third-party elements, in real-time. The platform's proprietary algorithms, developed alongside MIT, allow companies to translate cyber risks into financial terms, facilitating better board-level conversations.
Currently, Safe Security stands as a frontrunner in the cybersecurity industry, focusing on quantifying cyber risk to aid businesses in understanding exposure and return on security investments. With a robust clientele including Fortune 500 companies, the company's strategy involves continuously enhancing its AI-driven platform and expanding its strategic partnerships and market footprint. Safe Security's competitive advantage lies in its ability to align cyber risk with business metrics in a real-time, data-driven manner.
Safe Security is positioned as a leader in the cybersecurity landscape, with its pioneering SAFE platform defining industry standards for cyber risk quantification. As the need for comprehensive cyber risk management grows, especially amid increasing regulatory pressures, Safe Security is well-equipped to drive innovation and lead market trends. The company's strategic focus on AI enhancements and partnerships is expected to bolster its market position and expand its global reach. Looking forward, Safe Security is poised to continue its trajectory as a critical player in enhancing how businesses perceive and manage cyber risk.