Mave raises $34M for AI security platform, plans to double workforce

Israeli cyber startup Mave emerged from stealth Thursday with approximately $34 million in funding, announcing plans to double its workforce. The company develops an AI platform that analyzes security incidents in real time. The funding includes a $28 million Series A led by Red Dot Capital Partners with Lumir Growth Partners, alongside seed investors Dell Technologies Capital and Emerge Ventures. Mave reports 400% growth in annual recurring revenue and is signing deals worth over $1 million with Fortune 50 companies. Founded in 2025 by Unit 8200 alumni Raziel Oren and Guy Eshel, the company employs over 30 people. Its platform works with existing security tools without creating additional databases, targeting chief information security officers overwhelmed by multiple defense systems.