SAN FRANCISCO, Dec. 9, 2025 — Safebooks Inc., the pioneer in Financial Data Governance, today announced its emergence from stealth and securing $15M in seed funding led by 10D, Propel Ventures, and Mensch Capital with participation from Moneta Venture Capital, Magnolia Capital, Cerca Fund, Blue Moon, and other strategic investors.

With its emergence from stealth, Safebooks introduced a first-of-its-kind solution for the Office of the CFO: Agentic Revenue Integrity (ARI). ARI is the intelligent automation layer for quote-to-revenue finance operations that not only monitors revenue data but acts on it, delivering precision, speed, and real-time assurance. It works on top of your existing systems, processes, and infrastructure, so nothing needs to change or be replaced.

Traditional revenue, order, and deal desk management processes rely heavily on manual reviews, reconciliations, and data entry, underscoring the growing need for order management automation. Safebooks replaces those manual dependencies with continuous monitoring, reconciliation, and AI-powered automation. This drives faster deal reviews, eliminates manual inefficiencies, unifies structured and unstructured data into a single, trusted source of truth, and ensures enterprise-grade, audit-ready compliance at scale.

“Finance teams spend most of their time on data integrity, ensuring revenue data matches across systems. We built Safebooks to automate that work, using AI, as part of a deep data platform that understands how financial data, structured and unstructured, connects across the CFO’s entire tech stack. It restores confidence in the data itself, without the manual effort,” said Ahikam Kaufman, Safebooks co-founder and CEO. Ahikam previously co-founded Check, the payments company acquired by Intuit, and held senior leadership roles at Mercury, HP, and Intuit.

Safebooks builds a complete map of how financial data connects across systems, linking opportunities to invoices, contracts to billing records, and payments to revenue recognition. The platform reads documents in any format and validates they match what’s in your CRM, ERP, and billing systems. AI monitors these connections continuously, catching discrepancies as they happen and can also auto-remediate them. The result is unified visibility across all revenue data without replacing existing systems or processes.

Since launch, Safebooks has monitored over $40 billion in financial transactions, and eliminated thousands of hours of manual reconciliation for enterprise SaaS companies. Using ARI to connect systems, documents, and data sources in real time, Safebooks continuously validates every transaction to ensure revenue data completeness and accuracy, giving finance leaders live visibility and confidence in their numbers. This transforms revenue assurance from a reactive exercise into a continuous, proactive control that accelerates deal cycles and improves cash flow predictability.

“AI is redefining how enterprises operate, and the Office of the CFO is the next domain to be transformed. Safebooks AI is building the foundational infrastructure for this shift, empowering large organizations to run on trusted, governed, and continuously accurate financial data. Every enterprise will need this layer to operate with confidence at scale, and Safebooks is years ahead in making that future real,” said Yahal Zilka, Managing Partner at 10D.

Safebooks, founded in 2023 and headquartered in San Francisco, is pioneering Agentic Revenue Integrity, the agentic layer that autonomously runs quote-to-revenue operations with accuracy, intelligence, and real-time control. Built on a foundation of governed, trusted financial data and powered by its proprietary Financial Data Graph, Safebooks automates document and cross-system reconciliations, hundreds of data controls, and documentation, to ensure every transaction is complete, accurate, and compliant across structured and unstructured data. By eliminating manual reviews and continuously monitoring data across systems, Safebooks helps finance teams prevent revenue leakage, accelerate deal cycles, and operate with speed, efficiency, and confidence at scale.

Learn more at safebooks.ai.

Media Contact:
Yuval Michaeli
Safebooks Inc.
[email protected]
+6504952927

SOURCE Safebooks

KKR joined by Sixth Street Growth, TenEleven, and Carrick Capital as Principal Investors

LOS ANGELES and NEW YORK, Dec. 9, 2025 — Saviynt, a leading identity security company, today announced a $700M Series B Growth Equity Financing at a valuation of approximately $3 billion. Funds managed by KKR, a leading global investment firm, led the round with participation from Sixth Street Growth and TenEleven, as well as new funding from existing Series A investor Carrick Capital Partners. The multi-firm investment underscores a shared conviction that identity management is the foundational infrastructure for organizations deploying AI at scale.

Saviynt’s AI-powered platform manages, secures, and governs access for human, non-human, and AI agent identities across an organization’s applications, data, and infrastructure. By converging identity management and governance (IGA), privileged access management (PAM), application access governance (AAG), identity security posture management (ISPM), and access gateways across all types of identities, Saviynt simplifies compliance, reduces risk, and improves efficiency for companies moving to cloud and AI-driven infrastructure.

As enterprises adopt copilots, autonomous agents, MCP servers, and AI-driven workflows, the need for an AI-driven Identity Security platform that addresses all posture, lifecycle, access, and privilege use cases across these non-human identities and their interactions with human identities is foundational.

“This is a defining moment for Saviynt and the industry,” said Sachin Nayyar, Founder & CEO of Saviynt. “The demand for secure, governed identity has never been greater, and this growth investment gives us the resources to meet it head-on. We chose to strategically partner with KKR and Sixth Street Growth because they understand how central identity has become to enterprise AI strategies, and they have long track records of helping category leaders scale globally. We’re excited to work with them to accelerate innovation and bring identity security to every organization operating in the AI era.”

AI Has Accelerated Identity’s Scale Problem

Legacy identity and access management tools were designed for human users and static access patterns. Today’s enterprises must govern:

• Employees and contractors
• Machine identities and workloads
• Service accounts, certificates, keys, secrets
• Partners, contractors, and other supply chain identities
• And now, AI agents that operate continuously and make real-time decisions

AI-generated identities are the newest and fastest-growing type of identity class, and the one with the greatest potential to reshape how work, productivity, and operations function across the enterprise.

Identity security provides AI the important guardrails it needs to deliver real value and control risk. This shift has transformed identity governance from a security and compliance function into a strategic requirement for AI adoption.

“Saviynt has built one of the most advanced and comprehensive identity security platforms in the market, purpose-built for the AI era,” said Ben Pederson, Managing Director at KKR. “The Company is redefining how organizations secure their digital ecosystems, and we look forward to strategically partnering with Sachin and the Saviynt team to help further scale their platform globally, advance their next-generation AI capabilities, and leverage KKR’s proven experience supporting leading cybersecurity businesses to accelerate growth and innovation.”

Saviynt’s Market Momentum

Saviynt’s growth reflects the rising urgency around governing human, machine, and AI-agent identities at scale. Recent events driving momentum include:

• Expanded to 600+ global enterprise customers, representing more than 20% of Fortune 100 companies
• Extended its platform, adding innovative new products for AI Agent Identity Management, Non-Human Identity Management, Privileged Access Management, and Identity Security Posture Management (ISPM)
• Added AI-enabled intelligence across its core Identity platform, resulting in significant efficiency gains in application onboarding, access certification, access reviews, and provisioning / deprovisioning processes
• Delivered significant integrations with major ecosystem players, including AWS, CrowdStrike, Zscaler, Wiz, and Cyera

Capital to Accelerate Research & Development

The funding will be used as growth capital to increase, expand, and accelerate product development; generate additional AI-based utilities, methodologies, and programs that facilitate the migration from legacy solutions to Saviynt’s platform; and enable deeper integration with hyper-scalers, software/SaaS platforms, professional services firms, and value-added resellers.

New and Existing Investor Alignment Signals Category Definition

KKR’s investment builds on its extensive experience supporting leading businesses across the cybersecurity landscape, including identity and access management, threat detection, and security software. With a 20-year track record, KKR has backed category-defining cybersecurity platforms such as Darktrace, ReliaQuest, and KnowBe4, and has deep identity-security expertise through its work investing in and partnering with industry leaders like Ping Identity, ForgeRock, and Semperis. This breadth of experience, combined with KKR’s technical insight and industry relationships, provides strong validation of Saviynt’s platform and positions KKR to help the company scale its identity security offering globally. The investment will be made primarily through KKR’s Next Generation Technology Growth Fund III.

Piper Sandler served as exclusive financial advisor to Saviynt, and Cooley LLP served as legal counsel to Saviynt. Latham & Watkins LLP served as legal advisor to Carrick Capital Partners. Gibson, Dunn & Crutcher LLP served as legal advisor to KKR & Co. Inc. Moelis & Co served as financial advisor to Sixth Street Growth, and Kirkland & Ellis LLP served as legal advisor to Sixth Street Growth.

About Saviynt

Saviynt’s AI-powered identity platform manages and governs human and non-human access to all of an organization’s applications, data, and business processes. Customers trust Saviynt to safeguard their digital assets, drive operational efficiency, and reduce compliance costs. Built for the AI age, Saviynt is helping organizations safely accelerate their deployment and usage of AI today. Saviynt is recognized as the leader in identity security, with solutions that protect and empower the world’s leading brands, Fortune 500 companies, and government institutions. For more information, please visit www.saviynt.com.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Sixth Street Growth

Sixth Street Growth makes investments in mid- and late-stage technology companies. Sixth Street Growth is the dedicated growth investing platform of Sixth Street, a leading global investment firm with over $115 billion in assets under management and committed capital. Sixth Street has invested over $10 billion in more than 70 companies through its Growth franchise since inception. For more information, and additional disclosures, visit www.sixthstreet.com/growth, and follow Sixth Street on LinkedIn.

SOURCE ​Saviynt

NEW YORK, Dec. 8, 2025 — Small businesses are the backbone of the U.S. economy, generating nearly half of the national GDP and employing millions. Despite their outsized contribution, however, many of these businesses face restrictive pathways to capital and growth. The primary driver of each limitation is the same: inadequate financial management.

Missed expenses, disorganized transactions, incomplete documentation: these seemingly small issues can prevent otherwise strong businesses from accessing capital, becoming profitable, or even getting acquired at fair value. After working with over 10,000 small businesses, Bags has seen that the majority of small businesses are strong, but their books often don’t show it, and that gap is costing them opportunities.

That’s where Bags comes in.

Founded in 2020 by Daniel Taylor, William Hayden, and Ignacio Semerene, Bags is transforming how small businesses understand, manage, and grow with their finances. The company pairs responsible AI-insights with human expertise, CFO level reporting, and bookkeeping accuracy to help small businesses scale, unlock growth opportunities, and access capital.

“We’re changing the way small businesses think about money,” says CEO Daniel Taylor. “By combining AI financial reviews, CFO level reporting, and access to over $10 billion in available credit, we help entrepreneurs become stronger operators and grow their businesses with confidence.”

And it’s working.

Businesses using Bags grow an average of 250% year over year, are 4.5x more likely to get funded, and secure financing 5x faster than the national average.

Now, the company is scaling that impact even further with the announcement of a $2.75 million investment round led by Ford Foundation, with participation from Partnership Fund for New York City, Zeal Capital Partners, Slauson & Co, Limited Ventures, and Blueprint FTC, which joins Bags’ growing list of current investors, including Slauson & Co, Connecticut Innovations, Howard Schultz Family Foundation and Swanston Labs, bringing total capital raised to $7 million.

“Well-informed financial management is the key to making prudent decisions and unlocking access to growth-enabling credit for small businesses,” says Roy Swan of Ford Foundation. “We’re pleased to support the Bags team as they expand their impact across the U.S.“

While most AI bookkeeping tools leave 5–25% of transactions misclassified and many fractional CFOs cost $10K–20K/month, Bags has found a way to make precision, clarity, and growth guidance affordable.

As a first step, Bags offers small businesses free AI-powered financial reviews that assess financial statements to identify errors and areas for improvement, explain likely causes of errors, and describe the ideal solution or approach.

“By equipping small businesses with better financial management tools, guidance and access to debt capital, Bags is helping a critical part of our economy remain competitive and financially resilient,” said Maria Gotsch, President and CEO of Partnership Fund for New York City. “A New York-based company themselves, Bags is a great example of applying new technology to solve real problems that serve the public interest.”

The investment will help Bags deepen its product capabilities for small businesses and expand partnerships with mission-driven lenders and Community Development Financial Institutions (CDFIs). Following their most recent partnership announcement with TruFund Financial Services, Bags plans to support additional CDFI and MDI pilots in 2026, modernizing how borrowers get prepared, packaged, funded, and supported post-loan—improving lender throughput and borrower outcomes with real-time financial visibility.

Bags’ vision is simple: a future where small businesses are no longer underfunded or overwhelmed by financial systems that weren’t built for them. One where they are equipped with clean books, informed about what they say, and truly ready to grow because of it.

Learn more at securebags.com/financial-review.
Contact Bags at [email protected].

SOURCE Bags

LOS ANGELES, Dec. 8, 2025 — Trousdale Ventures, an investment firm backing passionate entrepreneurs working to solve some of the world’s most complex challenges, is pleased to announce the appointment of Ronnie Wiessbrod as Chief Investment Officer.

Ronnie brings a deep background in emerging technologies, venture capital, and strategic growth. He joins Trousdale from the Milken Family Office, where he served as Chief Strategy Officer. In that role, he led technology investments from Series A through the public markets and across the capital structure. His experience also includes business development and strategy leadership at high-growth, venture-backed companies, as well as board and advisory roles for pioneering firms in cybersecurity, financial technology, enterprise software, and data analytics.

“We’re thrilled to welcome Ronnie to Trousdale,” said Phillip Sarofim, Founder and CEO of Trousdale Ventures. “He brings conviction and precision to the way he supports and scales companies. Ronnie’s ability to see around corners, coupled with his global network and deep operating acumen, will be invaluable as we continue building the next generation of industry-defining businesses.”

“I’m honored to join Trousdale Ventures and partner with Phillip and the team,” said Wiessbrod. “Trousdale has built a unique portfolio, backing founders who are solving meaningful problems and pushing the boundaries of what’s possible. I look forward to helping accelerate that mission and expand our impact.”

As Chief Investment Officer, Ronnie will work across all of Trousdale’s core verticals, leading investment strategy and supporting portfolio growth. He will focus on sourcing and scaling high-impact public and private investments, deepening founder partnerships, and helping shape the firm’s next phase of innovation and market leadership.

About Trousdale Ventures
Led by Founding Partner and CEO Phillip Sarofim, Trousdale Ventures is an investment firm dedicated to backing passionate entrepreneurs who are working to solve some of the world’s most complex challenges. With a focus on deep tech, aerospace, mobility, and climate tech, Trousdale goes beyond capital, offering hands-on operational support, strategic guidance, and an expansive network to help companies scale.

Media Contact: [email protected] 

SOURCE Trousdale Ventures

Backed by $64 million in total funding, including a record-breaking $40 million Series A round in physical security, Lumana is transforming everyday cameras into intelligent systems that deliver real-time insights, automation, and accuracy at scale.

LOS GATOS, Calif., Dec. 8, 2025 — Lumana, the leader in AI video surveillance, today announced that it has surpassed 50,000 cameras. This milestone reinforces Lumana’s rapid expansion and solidifies its position as the fastest-growing AI security company in a market shifting from reactive monitoring to proactive, real-time intelligence.

In just over a year since emerging from stealth, Lumana has become one of the most influential companies in the physical security industry. Following its $40 million Series A round in July 2025, the largest in sector history, Lumana has expanded across enterprise, commercial, and public environments. Its customers include Meta, McDonald’s, New York University, the Minnesota Twins Baseball Club, Tough Shed, Steak ‘n Shake, Geneva College, Washington State Fair, and Visual Comfort, among others.

“Reaching 50,000 cameras is a remarkable milestone, and it represents something far greater: a shift in how organizations think about safety, intelligence, and their existing infrastructure,” said Sagi Ben Moshe, Founder and CEO of Lumana. “With Lumana, every camera becomes a smart sensor that understands, acts, and empowers people in real time. This is the future of video, and we’re just getting started.”

Most organizations still rely on security cameras that simply record footage without understanding what they capture, often missing critical events or overwhelming teams with hours of video. Lumana’s platform transforms that model entirely by leveraging an organization’s existing security camera infrastructure to automatically extract actionable, impactful insights. Through a single interface, users receive precise real-time alerts, automated workflows, and deep operational intelligence.

The platform can detect threats and incidents such as:

• Gun detection: When a weapon is brandished, Lumana can activate audible alarms, initiate lockdown procedures, and notify emergency responders.
• Violence detection: When a fight occurs, Lumana alerts security staff and can trigger automated announcements to de-escalate the situation.
• Safety violations: When someone enters a restricted forklift zone, Lumana can issue warnings and automatically restrict equipment access.

These capabilities elevate safety and security while reshaping operations. Tasks that once required constant human monitoring are now automated. Investigations that used to take hours can be completed in seconds. And occupancy, compliance, and performance metrics are captured and visualized on interactive dashboards, enabling faster, smarter decisions across an organization.

“The growth we’ve achieved in a little more than a year is extraordinary,” added Ben Moshe. “I’m deeply grateful to our customers and partners who believe in our mission to build the world’s most advanced AI video surveillance platform. Their trust fuels our innovation as we continue shaping a future where AI protects people and property and helps every organization operate smarter, safer, and more efficiently.”

About Lumana

Lumana provides next-generation AI video security solutions that transform any camera into an intelligent sensor, helping organizations automate monitoring, extract meaningful insights, and accelerate incident response. Lumana’s hybrid-cloud architecture combines modern video security hardware, cloud-based software, and cutting-edge AI analytics in a scalable, easy-to-use system. Backed by Wing Venture Capital, Norwest, and S Capital, Lumana unlocks the power of video data to improve security, safety, and operational efficiency. Founded in 2021, Lumana is headquartered in Los Gatos, CA. Learn more at www.lumana.ai

Contact
Lumana Press Team
[email protected]

SOURCE Lumana

SUZHOU, China, Dec. 8, 2025 — Convergen, a biotech company pioneering targeted protein degradation (TPD) therapies for diseases driven by pathological protein aggregates, today announced the closing of a $10 million Seed financing round. The round was invested by Qiming Venture Partners, a leading global venture capital firm focused on life sciences and healthcare innovation.

Funds from the financing will accelerate the development of Convergen’s proprietary TrimTAC platform—next-generation bifunctional degraders leveraging the E3 ubiquitin ligase TRIM21—and advance its early pipeline of therapies for neurodegenerative disorders and  diseases with massive unmet medical needs. 

TrimTAC: Addressing a Critical Gap in Targeted Protein Degradation 

Despite their transformative potential, traditional bifunctional degraders face two major hurdles: overreliance on a limited set of E3 ligases and, crucially, inability to selectively eliminate pathogenic multimeric protein aggregates—the root cause of many neurodegenerative diseases.

World-Class Scientific Foundation

Dr. Ting Han (Scientific Co-Founder of Convergen and Associate Investigator of NIBS, Beijing) is a globally recognized protein degradation expert whose pivotal work in the field includes elucidation of the mechanism of action of RBM39 degraders (Science 2017) and the recent discovery of TRIM21-based molecular glue degraders (Cell 2024, ACS Chemical Biology 2025).

Dr. Jinquan Sun, co-Founder of Convergen, said: “The seed financing—led by Qiming Venture Partners—validates TrimTAC’s potential to redefine treatment for diseases caused by pathogenic multimeric proteins. Together with Qiming, we will expand our expertise in TPD and CNS drug development, accelerate our pipeline toward clinical proof-of-concept, and deliver on our mission to help patients with limited treatment options.” 

Dr. Kan Chen，Partner and Co-lead of Healthcare at Qiming Venture Partners, said: “Convergen’s TrimTAC platform addresses a critical gap in TPD—selective degradation of multimeric aggregates—that has held back progress in neurodegenerative diseases. The company’s world-class scientific foundation combined with its veteran leadership team, positions it to become a leader in advancing the next-generation protein degradation. We are proud to partner with Convergen and support its journey to bring transformative therapies to patients.” 

About Convergen 

Convergen is a biotech company pioneering TrimTAC—next-generation bifunctional degraders that leverage TRIM21 to selectively clear pathological multimeric proteins. Founded to address unmet medical needs in neurodegenerative disease and beyond, the company combines cutting-edge academic research with industry-proven drug development expertise to advance therapies for significantly unmet medical needs. 

About Qiming Venture Partners

Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. It invests in outstanding companies in the Technology and Healthcare industries at the early and growth stages. To date, it has backed over 580 fast-growing and innovative companies. Over 210 of portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 80 portfolio companies that have achieved unicorn or super unicorn status. For more, please visit www.qimingvc.com

SOURCE Convergen

SAN FRANCISCO, Dec. 8, 2025 — Rotostitch, an innovative manufacturing startup in automated textile manufacturing technologies, announced today that it has raised $1M in an oversubscribed pre-seed funding round, led by Boost VC and Nova Threshold. The new capital will accelerate product development, scale manufacturing capabilities, and expand go-to-market efforts. “Rotostitch has the right team at the right moment,” said Emily Yu, investor at Boost VC. “We are particularly excited about their unique technical approach to tackle the apparel supply chain.”

Rotostitch is addressing a major transformation in the apparel industry: the shift to fully-automated, flexible manufacturing that shortens lead times and responds rapidly to fashion cycles. Rotostitch enables brands to move from concept to garment faster and more sustainably.

“This round enables us to bring our vision of smart, agile textile production into reality,” said Leah McClure, an ex-Tesla/Neuralink engineer and co-founder & CEO of Rotostitch. “With the backing of forward-thinking investors, we’re ready to revolutionize how apparel is made by reducing waste, increasing speed and giving brands a competitive edge.” 

Rotostitch Co-Founder and CTO Anson Tsang, a former Princeton materials science PhD candidate and ex-Tesla/Apple engineer will help co-lead the company’s hardware platform. “The company’s proprietary manufacturing process will deliver dramatically greater speed and versatility compared to today’s technologies. This will drive the adoption of sustainable fashion technology and automation across the industry.” Anson and Leah also emphasized that Rotostitch’s architecture will allow the system to evolve over time as customer needs and industry standards continue to shift.

The company’s mission is to make advanced automation accessible, supporting a more responsive, local and sustainable supply chain.

About Rotostitch

Founded by ex-Tesla/Neuralink/Apple engineers, Rotostitch is transforming apparel manufacturing powered by proprietary hardware and software. Its mission is to enable on-demand, high-flexibility manufacturing that meets sustainability goals and adapts at the speed of modern fashion.

For more information, visit https://www.rotostitch.com

Media Contact:
Leah McClure
Co-Founder of Rotostitch 
Email: [email protected]

SOURCE Rotostitch, Inc.

YL Ventures’ State of the Cyber Nation Report reveals multiple fundamental shifts as early stage funding surges and Israeli companies further assert dominance

SAN FRANCISCO and TEL AVIV, Israel, Dec. 8, 2025 — Global venture capital firm YL Ventures‘ 10th annual State of the Cyber Nation Report reveals that 2025 marks the first time global VCs both outpaced Israeli funds at every stage and became the leading source of seed capital for Israeli cybersecurity companies. The sector saw 130 total funding rounds spanning all stages, totaling $4.4 billion.

The report also highlights several additional fundamental shifts in the ecosystem, including a surge in seed and early-stage activity reflecting a new generation of founders focused on building category-defining companies rather than pursuing quick exits. An indication of increased ecosystem maturity, 2025 also saw the most ever acquisitions of Israeli companies by other Israeli companies, with numerous scale-ups acquiring early-stage startups.

“This year’s data tells a compelling story of maturation and ambition,” said Or Salom, Analyst at YL Ventures, who authored the report. “Israeli cybersecurity entrepreneurs are no longer just building great technology; the Israeli cybersecurity ecosystem is consistently producing category leading companies at global scale.”

Marking its tenth year, the report also covers a decade of growth in the Israeli cybersecurity industry, which saw a surge of over 500% in total funding over the period.

Key Findings from the YL Ventures’ 2025 State of the Cyber Nation Report:

Global Investment Leadership

• US VCs now lead Israeli cyber investments across all stages
• US VCs led 44 seed rounds, Israeli VCs led 35, and 13 seed rounds were co-led by US and Israeli VCs
• Top-tier VCs including Sequoia, Mayfield, Greylock and General Catalyst doubling down on Israeli cyber
• Split-seed strategy: Increasingly favored by cybersecurity founders seeking to ground their early trajectory with both an Israeli cybersecurity VC’s domain expertise while securing the scale, reach and long-term capital potential of leading global funds

Record Early-Stage Activity

• 71 seed rounds in 2025, a 97% increase from 2023 and 42% increase from 2024
• 33 Series A rounds and 17 Series B rounds, marking significant increases over previous years
• The increase reflects a market in which founders enter with more mature strategies and investors are comfortable investing more, earlier

Homegrown Consolidation

• Israeli cybersecurity companies acquired 12 domestic startups in 2025
• Notable acquirers include Check Point, Cato Networks, Cyera, Pentera, and Orca Security
• Demonstrates the maturation of Israeli companies into platform builders

Mega-Rounds Drive Growth

• Cyera raised $540M in Series E funding
• Armis raised $435M in Series E funding
• Cato Networks raised $359M in Series G funding
• Island raised $250M in Series E funding
• Dream Security reached unicorn status with $100M in Series B funding

Hot Investment Categories

• Security for AI leads seed round funding (12 companies vs. 8 in 2024)
• Vulnerability & Risk Management dominates overall funding (20 companies)
• Endpoint Security has seen dramatic growth, with 11 funding rounds this year compared to just one in 2024

2015-2025: A Decade of Comprehensive Analysis

• Overall funding surged by more than 500% (from $689M to $4.4B)
• Average Seed Round grew by more than 230% (from $2.9M to $9.6M)
• Number of Seed Rounds rose by nearly 130% (from 31 to 71)
• Number of rounds grew by over 80% (from 72 to 130)

The report also highlights several high-profile exits, including Wiz’s acquisition by Google and CyberArk’s acquisition by Palo Alto Networks, further validating the strength and maturity of the Israeli cybersecurity sector.

“After a decade of analysing every funding round and exit in this ecosystem, the trajectory in 2025 is unmistakable,” added Yoav Leitersdorf, Managing Partner at YL Ventures. “Israeli cybersecurity now operates at a scale, pace and level of consistency that surpasses anything we’ve seen. The question is no longer how much Israeli cybersecurity companies can scale, but rather how fast.”

The full YL Ventures State of the Cyber Nation 2025 report, including all data updated through the end of the year, will be published on January 7, 2026.

To see key findings and register to get the full report when it goes live, visit: stateofcybernation.ylventures.com

About YL Ventures

YL Ventures is a venture capital firm dedicated exclusively to cybersecurity. For nearly two decades, the firm has partnered with top Israeli founders from inception, helping build category-leading companies that define the market. With offices in Silicon Valley and Tel Aviv and $800M under management, YL Ventures provides access to an unrivaled network of CISOs and industry leaders, shaping the next generation of Israeli cybersecurity innovation. Repeatedly recognized by PitchBook and TIME magazine for both performance and influence, YL Ventures stands at the forefront of cybersecurity venture capital.

Learn more at www.ylventures.com

Media Contact
Zack Rothbart, Concrete Media
[email protected]

SOURCE YL Ventures

Corma helps teams manage their internal software stack, limiting bloat, reducing costs, and improving efficiency.

PARIS, Dec. 8, 2025 — Corma, a SaaS management solution to help IT teams control software overload, has raised €3.5 million in Seed funding to continue its mission to solve the complex and expensive internal software management problem. The round was led by XTX Ventures with follow-on investments from Tuesday Capital, Kima Ventures, 50 Partners, and Olympe Capital. The funding will be used primarily for product development, AI buildout, and commercial expansion.

The average internal software stack has grown tenfold in the past eight years (from 8 apps in 2015 to 112 in 2023), becoming a significant drag on productivity and financial performance that will only get worse with AI. Additionally, calculating the cost of a software portfolio is challenging and constantly evolving due to company growth, workforce expansion, new service subscriptions, and shifting business models.

“We see teams everywhere that are overwhelmed by the number of apps they need to manage every day. They lose money left and right, spend their day on operational tasks instead of strategic initiatives. At the same time, the risks of data leaks and access abuse increases every day with the rise of Shadow AI and the overall permission sprawl,” says Corma co-founder and CEO, Héloïse Rozès.

With an increasing amount of software to manage internally, IT departments are unaware of how many apps are in use, how much they pay for them, and whether or not they’re useful. Corma’s specialized agents collect key information such as license renewal terms, authorized users, and usage metrics, enabling data-driven software investment decisions that reduce total spend by up to 20% and save hundreds of hours on provisioning and access reviews.

“Organizations are increasingly inundated with new software, resulting in unchecked SaaS adoption and spend, rather than the promised productivity and efficiency gains,” said Ethan Imboden, Partner at Tuesday Capital. “Corma restores visibility and control to leadership and IT teams, providing the critical tools and insights growing companies need to thrive in the AI era.”

With a 4.8/5 customer satisfaction rating on Gartner and a diverse user base which includes companies such as Brevo, Owkin, Mobilexpense, Skello, Hack The Box, and Brut, Corma was selected as the youngest company in this year’s Gartner’s Magic Quadrant in SaaS Management as well as the vendor with the highest speed of shipping new features.

About Corma
Founded in 2023 in Paris, France, Corma is redefining how small and mid-size companies understand, manage, and optimize their software spend. Created in response to widespread software sprawl and rising AI complexity, Corma offers clarity, efficiency, and the foundation needed to boost productivity. Built with an international vision from the start, Corma enables teams to work better, focus on what matters, and thrive in the age of AI. For more information, visit Corma’s website: https://www.corma.io/

Media Contact:
Héloïse Rozès
208-614-4049

SOURCE Corma