· Venture Capital Tracker Editorial · investment-strategies
FAZE Security’s $6M Seed: New Era Bets on Agentic Red Teams
Ex-CYTRIX FAZE emerged from stealth on Sep 11, 2026 with $6M seed led by New Era Capital Partners — already claiming 50 enterprise customers and ~20× ARR growth for continuous AI offensive security.
FAZE Security emerged from stealth on September 11, 2026 with $6 million seed funding led by New Era Capital Partners, with Lockstep VC participating (PR Newswire; Pulse2). Valuation was not disclosed. The company was previously known as CYTRIX.
Scanners invent severity scores. Attackers invent exploit paths. FAZE is selling continuous agents that try the second thing and keep trying until the first thing is actually fixed.
Key facts
| Field | Detail |
|---|---|
| Company | FAZE Security (faze.security) |
| Round | $6M seed |
| Lead | New Era Capital Partners (partner Ziv Conen quoted) |
| Also | Lockstep VC |
| Prior name | CYTRIX |
| Traction (company) | 50 enterprise customers incl. Fortune 500; ~20× ARR growth in 18 months |
| Outcome claims (company) | Near-zero false positives; >50% faster MTTR vs scanners / point-in-time pen tests |
Who uses the product — and for what job
Users: enterprise AppSec / offensive security / cloud security teams that still depend on annual pen tests and noisy scanners.
Job: continuously probe web apps, APIs, and cloud environments within defined limits → prove exploitability → assign owners and remediation → retest automatically until the exploit fails.
Unlike CVSS-first tooling, FAZE says agents rank findings by demonstrated business impact. Treat ARR and MTTR claims as company-reported until customers publish independent diligence.
Why now
- AI speeds both attackers and developers — the Black Hat conversation FAZE’s orbit has been pushing.
- Point-in-time pen tests cannot match release cadence; continuous offensive coverage becomes a budget line.
- Same September cyber tape as agent-governance names like Cymphony — buyers are funding control planes for AI-era attack surfaces, whether identity graph or red team.
Why New Era — portfolio fit
New Era Capital Partners is an Israel-leaning growth/venture firm comfortable with cyber technical founders. Conen’s quote emphasizes proprietary white-hat attack data plus agentic coverage across discovery → retest — a data moat + product story, not a wrapper on a public LLM.
A $6M seed after 50 enterprises and claimed 20× ARR is the anomaly: either the round is understated relative to traction, or prior capital/revenue already carried the company. Diligence should separate seed label from growth proof.
New Era Capital Partners and Lockstep VC have
Competitive map
| Category | Examples | FAZE claim |
|---|---|---|
| Scanners / ASPM | Classic SAST/DAST vendors | Lower noise via exploit proof |
| Pen-test shops | Point-in-time human teams | Continuous coverage + retest loop |
| Agentic security peers | Emerging red-team automation | Orchestration + white-hat dataset story |
What to watch
- Named Fortune 500 references beyond “several.”
- Independent validation of false-positive and MTTR claims.
- Whether the next round prices like Series A growth cyber.
Sources
- PR Newswire
- Pulse2
- Related: Cymphony $25M · Day tape: Sep 9–12 roundup
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.
