Israeli cyber startup Mave was revealed on Thursday after completing a fundraising round of about $34 million within roughly a year since its founding, announcing that it intends to double its workforce.
The fundraising includes a $28 million Series A round led by Israeli venture capital fund Red Dot Capital Partners with the participation of Israeli-Australian venture capital fund Lumir Growth Partners, alongside seed round investors led by the venture capital arm of computing and infrastructure giant Dell (Dell Technologies Capital) and Israeli venture capital fund Emerge Ventures.
The company, which was established in 2025 as noted, states that the investment funds are intended to be used for expanding the company's artificial intelligence-based research and development, developing its product, and deepening operations in global markets.
Mave raises $34 million to expand its AI-powered cybersecurity platform
Mave has developed a platform that enables direct operation with security tools already existing in an organization, without transferring security data to it and without creating an additional database. The system approaches each tool in a manner that suits it, extracts relevant information regarding the cyber incident from it in real time, and connects the findings to build a single picture of what occurred. During the investigation, it continues to collect up-to-date information from the various systems, so that the analysis is based on the real-time state of the environment rather than solely on pre-collected data.
The company primarily targets chief information security officers in organizations that have suffered from systemic "attention deficit disorder" in recent years due to the acquisition of dozens of different defense tools. Despite attempts to centralize them under one roof, these officers are still forced to divide their attention among each tool when a cyber incident occurs in real time.
According to a survey conducted by the American website Security Budget at the end of the first half of the year, organizations' average expenditure on all cyber solutions within the organization stood at about 0.69% of their total annual revenues, a figure that translates to an average annual expenditure of about $2,300 per employee, and which constituted an average of about 9% to 14% of the total IT expenses of large and medium-sized organizations.
The market is crying out for a solution, and Mave's founders, Raziel Oren, who serves as the company's CEO, and Guy Eshel, who serves as its CTO, decided to build and provide it. Both are officers who are alumni of Unit 8200, with Oren having led marketing and go-to-market operations at the Israeli cyber company Wing Security, which was founded by those who served as the head of the IDF Cyber Division and head of the IDF Cyber Operations Department, and Eshel having been a founder and the first employee of the Israeli cyber company Alterya, which was acquired in January 2025 while in stealth mode by American blockchain research giant Chainalysis for about $150 million.
The market is already responding in a relatively unusual way to the young startup, with Mave reporting growth of about 400% in its annual recurring revenue run rate over the past half-year, as it is already signing deals worth $1 million and above with Fortune 50 companies, global security service providers, and financial institutions.
Israeli startup reports 400% growth as it targets global enterprises
The company stated in its announcement that its system is based on AI models that are adapted for the rapid handling of a large volume of tasks and the complex analysis of security incidents. It noted that it "can investigate 100% of alerts within minutes, filter false alarms, identify hostile activity related to the incident, and decide how to respond appropriately. It can also perform actions such as system isolation or blocking a compromised identity in accordance with permissions and rules defined by the organization. Every query, decision, and action is documented, so that the security team can see on the basis of what information each decision was made and track the investigation and response from beginning to end."
The company currently employs over 30 people, most of them in Israel, and plans to double the team following the fundraising. Against the cyber giants trying to swallow up organizations and inflate storage budgets, Mave's pitch to security managers appears to be aimed at "peace of mind," through full control over their data and rapid protection without large budget expenditures.
Raziel Oren, co-founder and CEO of Mave: "When a cyber incident occurs, the security team has all the necessary information to respond quickly, but it is scattered across different systems. While the team tries to understand what happened and how to respond properly, the attack continues to progress. That is why we built the system, to connect this picture within minutes and enable teams to respond faster. The AI that operates it knows how to explain how it reached decisions, and also to identify when human judgment is required. We are starting with SecOps, but the goal is broader: To enable organizations to use AI even in sensitive security decisions, without giving up transparency and human control."
Atad Feld, partner at Red Dot Capital Partners: "The SecOps market has reached a point where the existing model is no longer sufficient. Existing systems were not built for a world where AI agents operate as part of the organizational environment and companies are required to choose how much data they can afford to collect and analyze. 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. As more systems are connected to it, it receives a broader picture and can make better decisions."