Fig Security raises $38 million to monitor enterprise security stacks

Fig Security has emerged from stealth with $38 million in seed and Series A funding. The startup, founded by veterans of Israel’s cyber and data intelligence units, Unit 8200 and Mamram, helps enterprises monitor their security stacks to ensure their rules, mitigation tools, and detection and response capabilities remain functional.

The funding round was backed by a group of investors, including:

• Team8
• Ten Eleven Ventures
• Doug Merritt, investor and former CEO of Splunk
• Rene Bonvanie, investor and former CMO of Palo Alto Networks

Modern enterprise security infrastructure is highly complex, meaning minor changes in one tool could have unpredictable downstream effects that may compromise detection and response capabilities. Fig Security addresses this by connecting with data lakes and Security Information and Event Management (SIEM) systems to trace data flows. The platform samples data as it flows through different tools to establish “data lineage,” allowing security teams to simulate how patches, fixes, or changes will affect their systems before they are deployed.

“Instead of looking at the data and tracing it forward and seeing where it ends up, we look at your detections because that is the thing that you need to work,” said Gal Shafir, CEO and co-founder of Fig Security.

Shafir, who previously led Google Cloud Security’s global architecture team, co-founded the company with Nir Loya Dahan, the Chief Product Officer, and Roy Haimof, the Chief Technology Officer. Shafir conceived the idea for the startup after meeting with Chief Information Security Officers (CISOs) to pitch Google’s artificial intelligence products. He observed that CISOs, regardless of their team size, security budget, or company size, questioned how they could trust AI tools to tell them everything is fine if they did not trust the underlying data and detections. This realization prompted the co-founders to leave their previous roles to build Fig Security.

Launched eight months ago, the startup currently has large enterprise customers in the low double-digits. Shafir expects this customer base to grow to 50 to 100 by the end of the year. Fig Security plans to use the newly raised capital to expand its operations in North America and triple its headcount across engineering and go-to-market functions.

Why it matters

The modern enterprise security stack is dense and complex, meaning small changes can cause unpredictable downstream effects. Fig Security aims to help teams monitor these stacks to ensure detection and response capabilities remain functional.