Sweet Security, led by ex-IDF cyber chiefs, secures $75M Series B to combat hidden AI risks

Cybersecurity company Sweet Security has raised $75 million in a Series B led by Evolution Equity Partners, with participation from Munich Re Ventures, Glilot Capital Partners, and Key1 Capital. This brings the company’s total funding to $120 million, all raised over the past two and a half years. Around $15 million in the Series B were allocated to secondary deals.

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Sweet Security provides a comprehensive cloud-native application protection platform (CNAPP) that gives security professionals full visibility into systems at all stages of code execution - from live attack scenarios, through configuration risks and vulnerability management, to identity security that prevents misuse of compromised human and non-human identities. Sweet also provides API security and advanced runtime analytics capabilities to detect bad integrations and post-attack activity that other tools cannot detect.

Sweet Security founders.

The company is now expanding its AI security platform (AISP) that enables AI teams to discover every AI model and agent running in an organization’s systems, understand how they communicate with each other, and spot unnecessary permissions or dangerous configurations before they create risks. The platform maps all AI agents, LLM servers, and AI-powered services to uncover “Shadow AI” (active AI tools unknown to the organization), understand agent actions, and assess the scope of exposure and risk.

Sweet’s offering was the brainchild of co-founder and CEO, retired Brigadier General Dror Kashti, former CISO of the Israel Defense Forces (IDF); retired Colonel Eyal Fisher, former head of the Cyber Department at Unit 8200; and Orel Ben-Ishay, former R&D Cybersecurity Group Leader at the Special Operations Division. The company employs about 70 people in Israel and the U.S. Its clients include enterprise companies, including Fortune 1000 organizations. The investment will allow the company to accelerate global expansion and the pace of technological innovation.

Kashti, the company's CEO, was responsible for the Nimbus cloud tender on behalf of the IDF while still in his position, giving him firsthand insight into the responsibility placed on information security managers during the cloud transition. “Our solution will make information security managers better than the life I had,” Kashti tells Calcalist. “We provide a cloud protection solution that focuses not on potential risks but on what is actually happening. Our solution is tailored to the organization’s environment and not to hypothetical threats. We target very large organizations, identify cloud attacks, and reduce the chances that anyone can break into the cloud.

“Organizations have thousands of files with weaknesses; many vendors provide long lists of vulnerabilities, but most have little impact. We prioritize what is truly important and actionable in your environment. From thousands of potential threats, we highlight only the few that matter. We provide full visibility into everything running in the cloud and AI worlds, highlighting what isn’t functioning correctly. We come to the CISO and show exactly what needs attention.”

“We are raising this significant amount because there is strong market validation. Our product has become very mature, and we have a number of very large American customers actively using it,” Kashti added. “The market wants our mature product, they test it and say we are the best. Raising this funding will allow us to grow on all fronts. By expanding marketing and sales, we will triple the number of salespeople in the United States. We also plan to expand our development team. We are doubling our capacity every quarter. By the end of this year, we will have about 100 employees, and by the end of next year, 170 employees, mainly in sales and marketing, while continuing to grow our development center,” says Kashti.

“We are raising this significant amount because there is strong market validation. Our product has become very mature, and we have a number of very large American customers actively using it,” Kashti added. “The market wants our mature product, they test it and say we are the best. Raising this funding will allow us to grow on all fronts. By expanding marketing and sales, we will triple the number of salespeople in the United States. We also plan to expand our development team. We are doubling our capacity every quarter. By the end of this year, we will have about 100 employees, and by the end of next year, 170 employees, mainly in sales and marketing, while continuing to grow our development center,” says Kashti.