Innovative Cybersecurity Startup Emerges with $38M Funding

A new cybersecurity startup, Fig Security, has emerged from stealth mode with a $38 million funding round led by Lightspeed Venture Partners and Redpoint Ventures. The company aims to help security teams stay on top of the constant changes within their security stacks, which can have a significant impact on their ability to detect and respond to threats.

The core of Fig Security's offering is its ability to trace data flows across an organization's security tools and infrastructure. By mapping out these connections, the platform can then alert security teams whenever a change at any point in the stack affects their detection or response capabilities.

"Security teams are constantly dealing with change - new tools, new configurations, new data sources," said Amit Elazari, the co-founder and CEO of Fig Security. "This constant change creates blind spots and gaps that leave organizations vulnerable. Fig gives security teams the visibility and intelligence they need to stay ahead of these changes and maintain effective security coverage."

Fig Security's approach is particularly relevant in today's dynamic security landscape, where organizations are rapidly adopting new technologies and adapting their defenses to address evolving threats. With the average enterprise using over 75 security tools, maintaining a comprehensive, up-to-date understanding of the security stack is a major challenge.

"The security industry has become incredibly complex, with a proliferation of tools and technologies that security teams struggle to integrate and optimize," said Arif Janmohamed, a partner at Lightspeed Venture Partners. "Fig provides a unique solution to this problem, giving security teams the visibility and control they need to stay ahead of change and ensure their defenses remain effective."

Fig Security's founding team brings deep expertise in cybersecurity, having previously held roles at leading companies like Palo Alto Networks, Twistlock, and Adallom. The company plans to use the new funding to accelerate product development and expand its go-to-market efforts.

"We're excited to partner with the Fig Security team as they tackle one of the most pressing challenges in cybersecurity today," said Tomasz Tunguz, a managing director at Redpoint Ventures. "Their unique approach to mapping and monitoring security stacks has the potential to transform the way organizations defend against threats in the modern, constantly evolving threat landscape."