Mave raises $34m to expand AI cybersecurity platform

Israeli cybersecurity startup Mave raised about $34 million and came out of stealth on Thursday, according to an Oct. 25 Jerusalem Post report citing the company's announcement.

The financing gives the 2025-founded company capital to expand research and development, build its product and pursue global customers, after Mave reported 400% growth in annual recurring revenue run rate over the past half-year.

The fundraising includes a $28 million Series A led by Red Dot Capital Partners, with participation from Lumir Growth Partners. Earlier seed investors included Dell Technologies Capital and Emerge Ventures, according to the report.

Mave says its platform works with security tools already inside a customer’s organization. The company says it collects incident data from those systems in real time, links the information into one operational view and avoids shifting security data into a separate database.

“When a cyber incident occurs, the security team has all the necessary information to respond quickly, but it is scattered across different systems,” Raziel Oren, Mave’s co-founder and chief executive officer, said in the company announcement cited by the Jerusalem Post. “That is why we built the system, to connect this picture within minutes and enable teams to respond faster.”

Mave targets security operations, or SecOps, the teams that monitor alerts and respond to incidents across corporate networks. The report said large and midsize organizations spend about 0.69% of annual revenue on cybersecurity tools on average, or about $2,300 per employee, citing a Security Budget survey conducted at the end of the first half of the year.

The company says its artificial intelligence models can examine all alerts within minutes, screen out false alarms, connect hostile activity to an incident and recommend or take actions such as isolating systems or blocking compromised identities, subject to customer-defined permissions and rules. It also says each query, decision and action is documented for review by security teams.

Mave said it is already signing contracts worth $1 million and above with Fortune 50 companies, global security service providers and financial institutions. The report did not name those customers or include audited revenue figures, so the growth and commercial claims remain attributed to the company.

Oren and co-founder Guy Eshel, Mave’s chief technology officer, are alumni of Unit 8200, the Israeli military intelligence unit that has been a source of cybersecurity entrepreneurs. Oren previously led marketing and go-to-market operations at Wing Security, while Eshel was a founder and first employee of Alterya, which Chainalysis acquired in January 2025 for about $150 million, according to the report.

Atad Feld, a partner at Red Dot Capital Partners, said in the announcement that the SecOps market is under pressure from the spread of AI agents and rising data demands. “Mave makes it possible to perform security work above the systems and data that already exist in the organization, without forcing it to centralize everything anew in one place,” Feld said.

Mave employs more than 30 people, mostly in Israel, and plans to double its workforce after the fundraising, according to the report.