Tel Aviv-based Mave, a cybersecurity startup that builds AI-powered security operations software, said on October 22 it raised US$34 million across seed and series A funding to expand its product and reach more markets.

The funding includes a US$28 million series A led by Red Dot Capital Partners, with participation from Lumir Growth Partners.

It also includes a US$6 million seed round led by Dell Technologies Capital and Emerge Ventures.

Mave said its software connects a company’s existing security tools to investigate alerts and trigger approved responses.

The startup added that Fortune 50 companies and managed security service providers already use the platform.

🔗 Source: Mave