Fig Security Funding Round Raises $38M to Tackle SecOps Failures

Fig Security, a cybersecurity startup, has emerged from stealth, announcing a significant Fig Security funding round of $38 million. The company aims to strengthen the reliability of corporate security operations, directly addressing hidden SecOps failures. This substantial investment was led by prominent venture capital firms Team8 and Ten Eleven Ventures.

What Happened

According to Fig Security, the company secured $38 million in total funding. This investment spans across both seed and Series A rounds. The announcement marks Fig Security’s official emergence from stealth operations. The primary goal of this cybersecurity startup funding is to help enterprises detect and fix breakdowns within their complex security operations.

Details From Sources

The financing for Fig Security was led by venture firms Team8 and Ten Eleven Ventures. Other key investors include notable security industry executives. These executives comprise former Splunk CEO Doug Merritt, former Palo Alto Networks Chief Marketing Officer Rene Bonvanie, and the founders of Demisto and Siemplify. Investors cited the growing complexity of corporate security environments as a key driver for their investment, along with a widening reliability gap in security operations, as reported by ynet Global. Gal Shafir, co-founder and chief executive of Fig Security, stated, “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.”

Fig Security’s SecOps Reliability Platform Functionality

Fig’s platform integrates seamlessly with existing technology stacks. It maps detection and response flows across an organization’s systems. The platform traces data from its origin through various pipelines, including security information and event management systems (SIEMs), data lakes, and security orchestration, automation and response (SOAR) platforms. It also supports AI-driven security operations tools. The system alerts teams when changes threaten detection or response capabilities. Furthermore, it allows teams to simulate fixes effectively before deploying them.

Company Origins and Leadership

Fig Security was founded by Gal Shafir, who serves as co-founder and chief executive. Nir Loya Dahan is the chief product officer, and Roy Haimof is the chief technology officer. The founders previously served in Israel’s military technology units, Unit 8200 and Mamram. Their past senior roles in cybersecurity firms include Shafir’s leadership at Siemplify (acquired by Google) and Google Cloud Security. Loya Dahan was VP of product at Cymulate and held product leadership at Siemplify. Haimof served as director of engineering at Cymulate.

Operations and Growth

Fig Security maintains offices in both New York and Tel Aviv. The company plans to triple its headcount by the end of the year, with a focus on expanding its presence in North America. Fig has already deployed its SecOps reliability platform with several large enterprises, including Fortune 100 companies, according to Fig Security announcements.

Industry Recognition

Fig Security gained industry recognition as a Top 10 finalist in the RSA Innovation Sandbox Contest for RSA Conference 2026.

Why This Matters

The problem Fig Security addresses is significant for corporate security operations. Undetected failures can leave organizations uncertain if a lack of alerts signifies genuine security or a breakdown in underlying systems. The increasing operational complexity in cybersecurity environments fuels demand for new resilience tools, a point highlighted by investors.

Background Context

AI and automation continue to reshape corporate defenses. Enterprises invest billions of dollars annually in security operations. However, they often lack sufficient visibility into their system functionality, according to industry observations cited in the reporting.

Industry Reactions

Ori Barzilay, a partner at Team8, noted that security teams face increasing pressure due to growing operational complexity. He added that Fig Security addresses a real gap with their firsthand experience. Grace Cassy, a partner at Ten Eleven Ventures, observed that frequent changes in corporate technology environments can erode detection and response capabilities. This fuels a critical need for security operations resilience.

Related Data or Statistics

Conference organizers state that past finalists of the RSA Innovation Sandbox Contest have collectively accounted for over 100 acquisitions and $17.8 billion in investments since the competition began.

Future Implications (SPECULATIVE)

Based on Fig Security’s stated plans, the company anticipates future growth. It intends to triple its headcount and expand significantly in North America. Its recognition as a Top 10 finalist in the RSA Innovation Sandbox Contest provides considerable visibility and validation within the cybersecurity industry.

Conclusion

Fig Security has officially emerged from stealth following a significant $38 million Fig Security funding round. The company’s core mission is to enhance SecOps reliability for enterprises. This substantial backing from prominent investors underscores a perceived market need for solutions addressing complex corporate security operations.

FAQ

Q1: What is Fig Security’s recent funding amount?

Fig Security has secured $38 million in funding across seed and Series A rounds.

Q2: What problem does Fig Security aim to solve?

Fig Security aims to tackle hidden SecOps failures and strengthen the reliability of corporate security operations, helping enterprises detect and fix breakdowns in complex security environments.

Q3: Who were the lead investors in Fig Security’s funding round?

The funding round was led by venture firms Team8 and Ten Eleven Ventures.

Q4: What does Fig Security’s platform do?

Fig’s platform integrates with existing technology stacks, maps detection and response flows, traces data, alerts teams to changes that threaten detection or response capabilities, and allows simulation of fixes.