Fig Security Launches with $38 Million to Eliminate Silent Defense Failures
Mountain View, Tuesday, 3 March 2026.
Founded by former Google executives, Fig Security raised $38 million to identify invisible breakdowns in security operations, ensuring defenses remain resilient amidst constant technical changes.
Funding and Investors
On March 3, 2026, Fig Security, an Israeli startup, announced its launch from stealth mode, securing $38 million in combined Seed and Series A funding [1][5]. The funding was led by Team8 and Ten Eleven Ventures, with participation from notable security figures including Doug Merritt, former CEO of Splunk, and Rene Bonvanie, former CMO of Palo Alto Networks, as well as the founders of Demisto and Siemplify [2][3].
The Genesis of Fig Security
Founded in March 2025 by Gal Shafir, formerly a lead global security architect for Google Cloud Security, Nir Loya Dahan, previously VP of Product at Cymulate, and Roy Haimof, also from Cymulate as Director of Engineering, Fig Security aims to tackle the subtle yet critical failures within enterprise security operations [1]. Shafir also held leadership roles at Siemplify before its acquisition by Google for $500 million [1].
Platform Capabilities
Fig Security’s platform is engineered to discover and rectify broken security flows throughout an organization’s SecOps infrastructure [1][2]. It maps the entire data lineage from its origin in data sources through various pipelines, SIEMs, and data lakes, to SOAR platforms and SOC AI agents [2]. The platform alerts teams to changes that could compromise detection or response capabilities, enabling them to understand the root cause and test fixes before deployment [2][3].
Addressing Security Operation Challenges
The company’s solution is designed to address the increasing complexity of security operations, where changes can undermine detection and response without teams realizing it [1]. According to the Ponemon Institute, large organizations use over 40 overlapping security tools on average, highlighting the need for a system like Fig to ensure these tools function cohesively [3]. Fig Security is designed to act as a change-intelligence layer, complementing existing SIEM, SOAR, and XDR systems rather than replacing them [3].
Expansion Plans and Market Presence
With offices in New York and Tel Aviv, Fig Security already counts Fortune 100 companies among its customers [1][5]. The company plans to triple its headcount by the end of 2026, focusing on expanding its presence in North America [1][2][3]. Fig Security is also set to participate in the RSAC 2026 Innovation Sandbox Contest as a Top 10 Finalist [1].
Leadership Perspective
According to Gal Shafir, CEO of Fig Security, the most dangerous failures in security are those that go unnoticed [1][2]. He emphasizes that Fig was created to restore confidence in security teams, allowing them to modernize their SOC, adopt AI, and accelerate development without introducing blind spots [1][2]. Ori Barzilay, Partner at Team8, notes the increasing pressure on security teams to move faster while managing growing operational complexity, underscoring the need for Fig Security’s approach to resilience [1]. Grace Cassy, Partner at Ten Eleven Ventures, adds that the constant changes in security environments often lead to undermined defenses, fueling the demand for a focus on security operations resilience [1].