Israeli cybersecurity startup Fig Security has emerged from stealth with $38 million in combined Seed and Series A funding, aimed at tackling one of the most critical yet hidden challenges in security operations today.
The financing was led by Team8 and Ten Eleven Ventures, with participation from prominent industry executives, including Doug Merritt (former CEO of Splunk), Rene Bonvanie (former CMO of Palo Alto Networks), and the founders of Demisto and Siemplify.
From Elite Units to Startup Innovation
Fig Security was founded in March 2025 by cybersecurity veterans Gal Shafir (CEO), Nir Loya Dahan (CPO), and Roy Haimof (CTO) — all of whom previously served in Israel’s elite Unit 8200 and Mamram technology units.
Before co‑founding Fig, the leadership team held senior positions at companies like Siemplify, Google Cloud Security, and Cymulate, bringing deep SecOps experience to the startup.
Addressing Critical SecOps Challenges
Modern enterprise security operations centers (SecOps) are highly complex, combining dozens of tools, automation layers, and data pipelines. These environments are prone to “silent failures” — breakdowns in detection or response flows that aren’t immediately visible to security teams.
Fig Security’s platform continuously maps and validates detection and response flows across the security stack, from data sources through SIEMs, data lakes, SOAR systems, and AI‑driven tools. When changes or drift threaten detection coverage, the platform alerts teams, provides root‑cause analysis, and even allows simulation of fixes before they’re pushed into production.
Gal Shafir explained: “The most dangerous failures in security are the ones you do not know about. If a detection has not been triggered in months, teams often cannot tell whether that reflects true safety or a breakdown somewhere in the plumbing.”
Strategic Backing and Industry Momentum
The $38 million raise reflects strong investor confidence in Fig’s mission and the broader demand for operational resilience in cybersecurity. In addition to Team8 and Ten Eleven Ventures, the round included backing from veteran security leaders who have built and scaled major enterprise security businesses.
Investors cited increasing complexity in corporate technology environments as a key driver for tools that help security teams maintain effective coverage even as systems evolve rapidly.
Funding Fuels Growth and Expansion Plans
The newly secured capital will be used to accelerate Fig’s product development, expand go‑to‑market efforts, and grow the team — particularly across North America, where demand for SecOps solutions is high.
Fig Security already maintains offices in New York and Tel Aviv, and plans to triple headcount by the end of the year. The startup’s platform has been deployed with multiple large enterprises, including Fortune 100 companies, demonstrating early market traction.
Impact on Enterprise Security Operations
As global cyber risks escalate and enterprise environments grow ever more complex, Fig Security positions itself as a critical partner for organizations striving to ensure that their detection and response systems actually work. By surfacing hidden failures and providing proactive alerts, the company aims to help SecOps teams move faster with confidence.
The company is also participating in the RSA Conference 2026 as a Top 10 finalist in the Innovation Sandbox Contest, a platform that has helped launch several notable security firms.
In a landscape where breaches can arise not just from external threats but from undetected operational issues, Fig’s platform brings a new layer of resilience to enterprise security operations.
Alfred Lee
