Ex-Splunk CEO Backs New Security Data Firm Fig Security
Fig Security has launched from stealth with $38M in funding, backed by the former CEO of Splunk. The company aims to trace data flows across the security stack to flag configuration gaps, offering Splunk-like observability for multi-client environments.
The $38 million investment in Fig Security was a combination of Seed and Series A rounds led by Team8 and Ten Eleven Ventures. The funding will be used to scale the company's engineering and sales teams, with plans to triple its current 25-person headcount within the year. The company was founded in March 2025 by CEO Gal Shafir, CPO Nir Loya Dahan, and CTO Roy Haimof. The founding team includes veterans of the Israeli Defense Forces' elite Unit 8200 and Mamram, with leadership experience from Google Cloud Security, Siemplify (acquired by Google for $500M), and Cymulate. Fig Security aims to solve the problem of "silent failures," where security tools and data pipelines break down over time due to environmental changes, leaving organizations blind to threats. CEO Gal Shafir notes that teams often can't tell if a detection rule is silent because they are secure or because the underlying data plumbing is broken. The platform works by autonomously discovering and mapping an organization's complete detection and response flows. It traces data lineage end-to-end from sources, through data pipelines, SIEMs, and data lakes, to SOAR platforms and SOC AI agents, alerting teams when changes threaten security capabilities. Godfrey Sullivan, who is backing Fig Security, served as the CEO of Splunk from 2008 to 2015. He led Splunk through its 2012 IPO and grew its annual revenue from $18 million to nearly $600 million. Despite only recently emerging from stealth, Fig Security already serves large enterprise customers, including Fortune 100 companies. The company, with offices in New York and Tel Aviv, was also named a Top 10 Finalist in the prestigious RSAC 2026 Innovation Sandbox Contest.
