Fig Security Launches with $38M for Workflows
Enterprise security startup Fig Security has emerged from stealth with a $38 million funding round. The company is building a SaaS platform to automate complex, regulated security operations, underscoring investor demand for workflow-heavy vertical software.
The initial search results have provided a wealth of information about Fig Security. I have details on the funding round co-led by Team8 and Ten Eleven Ventures, with participation from notable angels like the former CEO of Splunk. I also have the names and backgrounds of the founders (Gal Shafir, Nir Loya Dahan, and Roy Haimof), who are veterans of Israeli intelligence units and have experience at Google, Siemplify, and Cymulate. The company has offices in New York and Tel Aviv. The problem Fig Security is tackling—"silent failures" in complex security operations—is clearly articulated. They aim to validate that security tools are working correctly. I also have some information on the broader NYC SaaS and security startup scene and the market trends in security automation, which is growing rapidly and increasingly incorporating AI. However, the initial news is about "Fig Security" and its CEO was mentioned as "Omri Stern" in the prompt, but the search results state the CEO is "Gal Shafir". I need to clarify this discrepancy. It appears the initial prompt might have had the wrong name. Omri Stern is the CEO of a different company called "Jones". I will proceed with the information from the search results, which consistently name Gal Shafir as the CEO of Fig Security. The gathered information is sufficient to construct the "read more" expansion according to the user's persona and the specified rules. I can now proceed to write the response without further searches. Expansion Plan: 1. Start with the key investors and founders' backgrounds. 2. Explain the specific problem of "silent failures" in SecOps. 3. Connect this to the broader trend of AI-driven security automation. 4. Mention the company's NYC presence and hiring plans. 5. Relate this to the opportunities for enterprise engineers in the NYC startup scene. 6. Touch on the VC funding climate for such vertical SaaS/security companies.The $38 million raise for Fig Security was co-led by venture firms Team8 and Ten Eleven Ventures, with notable participation from the former CEO of Splunk, Doug Merritt, and the founders of security firms Demisto and Siemplify. The company, which maintains offices in New York and Tel Aviv, was founded in 2025 by CEO Gal Shafir, CPO Nir Loya Dahan, and CTO Roy Haimof. The founding team brings deep enterprise security experience from leadership roles at Google Cloud Security, Siemplify, and Cymulate, as well as backgrounds in elite Israeli intelligence units like 8200 and Mamram. This pedigree is crucial as they tackle "silent failures"—when security tools like detectors and response systems break down without alerting the security operations center (SOC). Fig's platform continuously validates that an organization's entire security stack is functioning as intended. Fig is entering a security automation market projected to reach over $22 billion by 2030, a sector increasingly driven by the complexity of cyber-attacks and a shortage of skilled professionals. The core of this market's evolution is the integration of AI and machine learning to move from simple task automation to predictive analytics that can anticipate threats before they occur. With the new funding, Fig plans to triple its headcount and expand its go-to-market presence in North America, signaling hiring opportunities, particularly in New York. This follows a trend of well-funded, B2B SaaS and cybersecurity companies building a significant presence in the city, joining others like Cyera and Clay. For engineers in enterprise roles, this represents a growing local ecosystem where deep experience in complex, regulated environments is highly valued. The investor backing from firms like Ten Eleven Ventures, which focuses exclusively on cybersecurity, and Team8, a venture group with deep ties to the Israeli cyber community, underscores a key dynamic in the current fundraising landscape. VCs are actively funding technical founders who have firsthand experience with a specific, costly enterprise problem and are building targeted, workflow-heavy solutions to solve it.
