Osavul, a Luxembourg-based hybrid risk-intelligence startup that grew out of work during Russia's invasion of Ukraine, raised a $10 million Series A led by 33N Ventures with participation from Balnord, G+D Ventures, and 42CAP, bringing its total funding to about €12 million. The company's AI platform flags hostile intent across cyber, physical, and information domains for government, defense, and critical-infrastructure customers in more than 10 countries.
Source → $248.9B Worldwide security spend Gartner 2026, +12.7% $4.99M Avg. data breach cost IBM 2026, record high +$1M Breach cost added by AI attacks IBM 2026 48% Breaches involving ransomware Verizon DBIR 2026 22 sec Median access-to-ransomware hand-off Mandiant M-Trends 2026 219 Cybersecurity M&A deals, H1 2026 record — Momentum Cyber $10.6B Raised by security startups, H1 2026 Crunchbase $248.9B Worldwide security spend Gartner 2026, +12.7% $4.99M Avg. data breach cost IBM 2026, record high +$1M Breach cost added by AI attacks IBM 2026 48% Breaches involving ransomware Verizon DBIR 2026 22 sec Median access-to-ransomware hand-off Mandiant M-Trends 2026 219 Cybersecurity M&A deals, H1 2026 record — Momentum Cyber $10.6B Raised by security startups, H1 2026 Crunchbase
M&A & FUNDING
Acquisitions, investments, and funding rounds.
Kevin Mandia's Armadin raised a $255.5 million Series B at a $2.5 billion valuation, led by Andreessen Horowitz and Accel, six months after a $190 million Series A — over $445 million total in roughly a year. The startup replaces human-led penetration testing with always-on autonomous agent swarms that chain vulnerabilities together to simulate attacks before real adversaries can.
Source →Agentic-security startup Reco raised $55 million led by AT&T Ventures, bringing its total funding to $140 million and more than doubling its valuation since a $30 million round in February. Reco gives security teams visibility into which AI agents are active across their environment, what identities and permissions they use, and what data and systems they can reach.
Source →Voice-AI company Modulate raised $25 million led by Future Ventures, bringing total funding to $60 million, to expand Velma, its real-time platform for detecting fraud, synthetic speech, and policy violations in voice calls. Modulate says its models now process over 10 million hours of audio monthly.
Source →Tel Aviv startup Rig Security emerged from stealth with $12 million in seed funding led by Ten Eleven Ventures and Brightmind Partners, with the CrowdStrike Falcon Fund participating. Its platform maps identity dependencies across systems to distinguish AI-agent actions from human ones — since agents typically inherit the permissions of whoever launched them — and can block risky agent actions without disrupting the human user.
Source →RemoteThreat emerged from stealth with $7 million in pre-seed funding from Osage University Partners and DataTribe, founded by two former IBM X-Force red-team leaders. Its O/C/O platform combines mission planning, command-and-control, implants, and AI-assisted tasking for red teams and vetted defense partners; retired Gen. Paul Nakasone's advisory firm is a strategic advisor.
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